Find Out What Your Experience Mod Is Really Costing You
Your experience mod is a number that raises or lowers what you pay for workers' comp insurance. Most business owners have never had it explained. Upload one document and we'll show you, in plain English, what's driving your number, what it's costing you, and which insurance companies are likely to give you the best price.
What Is an Experience Mod?
Think of it like a driving record for your workers' comp insurance. Businesses with fewer and smaller injury claims than similar companies get a discount. Businesses with more get charged extra.
The mod is calculated once a year by a rating bureau, an independent organization that tracks claims for every business in your state. It looks back at about three years of your claims and compares them with what's typical for businesses that do the same kind of work with the same size payroll.
Your insurance price is then multiplied by that number. A small change in the mod can mean thousands of dollars a year, and if you bid on jobs, many customers won't hire you if your mod is over 1.00.
How to Read Your Mod
1.00 is average. Lower is better.
15% less
no change
25% more
The official report that shows how your mod was calculated: your payroll, your job categories, and the claims that were counted. This is the one document we need.
A report from your insurance company listing every claim, what's been paid, and what's still set aside. It's more up to date than your worksheet.
Money the insurance company sets aside for claims that are still open. Reserves count against your mod even if that money is never actually paid out.
The job categories your employees are grouped into. Each one has its own expected rate of injuries, which sets the baseline you're compared against.
Most Business Owners Only See One Number
Your mod usually shows up as a single number on a renewal quote. The details behind it, like which claims are hurting you and by how much, rarely get explained. Mod Check explains them.
- ✓ A plain-English answer, not a spreadsheet you have to figure out yourself.
- ✓ Real dollars, not just a decimal. See what your mod adds to or saves on your bill.
- ✓ The best insurance companies for you, ranked by estimated price for your business.
- ✓ A report you keep. Share it with your agent, your accountant, or a customer asking about your mod.
Example only. Your report uses the numbers from your own worksheet.
Two Reports, Both Plans
Every Mod Check includes an Executive Summary that explains your mod and a Rate Advisor report that ranks the insurance companies most likely to give you a good price.
- 1Your Mod, Explained
What your number is, how it was calculated, and the best and worst it could be based on your payroll.
- 2Your Claims vs. What Was Expected
The comparison that drives everything: the claims you actually had against what's normal for a business like yours.
- 3The Claims Hurting You Most
Which specific claims are pushing your mod up, ranked by impact, including open claims where money set aside is counting against you before it's ever paid.
- 4Many Small Claims or a Few Big Ones?
The fix is different for each, and most businesses guess wrong. We tell you which one is your problem.
- 5The Cost in Dollars
What your mod adds to, or saves on, your yearly insurance bill.
- 6What to Do Next
A short, prioritized list of steps that could lower your mod: claims worth closing, reserves worth questioning, job categories worth double-checking, and return-to-work gaps worth fixing.
- 7Insurance Companies, Ranked by Price
Every company that writes workers' comp for your type of work in your states, ranked from lowest estimated yearly price to highest, using your real payroll and your real mod.
- 8Your Best Matches
Not a generic top 10. These are the companies whose rates favor your kind of work, your states, and your claim history.
- 9Who Can Cover Everything
Which companies can insure your whole operation and which can't, so you don't waste time on one that won't cover you.
- 10Based on Official Rate Filings
Built from the rates insurance companies file with state regulators, across all 47 states where companies set their own rates. Real filings, not guesses.
Take It Straight to Your Agent
We don't sell insurance and we don't earn a commission. Most business owners hand these reports to the agent they already have and ask them to go after the prices it points to.
A One-Time Look, or Ongoing Monitoring?
Your mod worksheet only updates once a year, but your claims change all the time. The one-time report tells you where you stand today. Ongoing monitoring keeps checking your latest claims every quarter so you see changes coming before they hit your renewal.
A clear answer on where your mod stands right now. Fully automatic, delivered by email in about five minutes.
- ✓ Executive Summary of your mod
- ✓ Rate Advisor ranking of insurance companies
- ✓ Two PDF reports you keep
- ✓ Nothing recurring
Everything in the one-time report, plus we load your loss runs every quarter for a detailed, claim-by-claim analysis and an updated forecast.
- ✓ Everything in the one-time report
- ✓ Loss run analysis: upload your loss runs and we load every claim for a detailed review
- ✓ Quarterly updates: we pull in your newest loss runs every three months
- ✓ Mod forecast: see where your next mods are heading
- ✓ Your own dashboard with "what if" tools for claims and payroll
- ✓ Cancel anytime
Three Simple Steps
All you need is your experience mod worksheet. Don't have it? Here's how to get it.
Pick a Plan and Upload Your Worksheet
Choose one-time or ongoing monitoring, then upload your worksheet as a PDF. No forms to fill out and no numbers to type in. If you choose monitoring, you can add your loss runs now or send them later.
Pay Securely
Checkout is handled by Stripe. One-time is a single $99 charge. Monitoring is $99 a month and you can cancel anytime.
Get Your Reports
Your two PDF reports are emailed to you in about five minutes, automatically. On the monitoring plan, we'll also set up your dashboard login and start your quarterly loss run updates.
One-time charge, not a subscription. Your files are used only to produce your reports and are never shared with an insurance company or agent.
How to Get Your Experience Mod Worksheet
It's a short report that shows your job categories, payroll, and the claims used to calculate your mod. Any of these three ways works, and the first is usually fastest.
Ask Your Insurance Agent
Send one email: "Please send me my current experience rating worksheet." Your agent has it on file and can usually send it the same day. While you're at it, ask for your loss runs too.
Ask Your Insurance Company
Call or email the customer service team for your workers' comp policy. Have your policy number ready and ask for your current experience rating worksheet.
Request It From the Bureau
You can usually request it yourself from your state's rating bureau. In most states that's NCCI; a few states, like California, New York, and New Jersey, have their own.
Businesses Where the Mod Really Matters
Contractors & Subs
Many general contractors won't let you bid if your mod is over 1.00. Find out where you stand and what it would take to get under that line.
Businesses With Big Payrolls
Manufacturing, trucking, staffing, agriculture, healthcare. When payroll is large, even a small change in your mod is real money.
Businesses Whose Mod Just Went Up
Your mod jumped and nobody can tell you exactly why. Get the claim-by-claim answer before you sign the renewal.
Owners Who Want a Second Opinion
An independent look at one of the biggest drivers of your insurance cost, from someone who isn't trying to sell you a policy.
Compare the Two Plans
| One-Time Report | Ongoing Monitoring | |
|---|---|---|
| Price | $99 one time | $99 per month |
| Executive Summary of your mod | ✓ | ✓ |
| Rate Advisor ranking of insurance companies | ✓ | ✓ |
| Loss run upload and detailed claim analysis | No | ✓ |
| Quarterly loss run updates | No | ✓ |
| Forecast of your future mods | No | ✓ |
| Dashboard login | No | ✓ |
| "What if" tools (closing claims, reserves, payroll) | No | ✓ |
| Best for | A clear answer today | Keeping an eye on your mod all year |
Common Questions
I'm not sure I even have an experience mod. How do I know?
If you pay more than a few thousand dollars a year for workers' comp, you very likely have one. Your agent can tell you in one email. If you don't qualify for a mod yet, there's no worksheet to upload, so you won't need this report.
What exactly do I need to upload?
Just your experience mod worksheet as a PDF. That's it for the one-time report. If you choose ongoing monitoring, you can also upload your loss runs, either at checkout or later.
What's the difference between a worksheet and a loss run?
The worksheet is the yearly calculation of your mod, and it's based on claims from about one to four years ago. A loss run is your insurance company's current list of claims, including recent ones. The worksheet tells you where your mod is today. Loss runs show where it's heading, which is why the monitoring plan uses them every quarter.
What if my worksheet isn't readable, or I upload the wrong file?
We'll email you and tell you exactly what we need. If we can't produce useful reports from what you're able to send, we'll refund your $99 in full.
How fast do I get the reports?
Usually in about five minutes. The reports are created automatically as soon as your payment goes through. On the monitoring plan, your dashboard and loss run setup follow shortly after, and we'll email you when it's ready.
Are the insurance prices real quotes?
They're estimates, not quotes you can buy. They're based on the rates each insurance company has filed with state regulators, applied to your payroll and your mod. They show you which companies are worth asking for a quote. Only an insurance company can give you an actual quote.
Will you contact my agent or shop my insurance?
No. We don't sell insurance, we're not an agent, and we don't earn a commission. Your files are used only to create your reports. What you do with them is up to you.
Can I cancel the monthly plan?
Yes, anytime. You keep every report you've already received. You won't be charged again after you cancel.
Is my information secure?
Yes. Mod Advisor is SOC 2 compliant, and your files are encrypted while they're sent and while they're stored. See our Security & Trust Center and Privacy Policy for details.
Stop Guessing What Your Mod Is Costing You
For $99 you'll know what's driving your mod, what it's costing you, and which insurance companies should be pricing your business. Add ongoing monitoring to keep watching it every quarter.