The workers compensation modification factor

can often be an overlooked or misunderstood element of an employer's workers comp policy. While most employers realize that a lower workers comp mod (also called the experience rating factor, ex-mod, or x-mod) is somehow a good thing, many don't make the connection between this number and their premium costs. Others don't realize that a mod of 1.0 is just average, and they may have considerable opportunities for saving on their workers comp premiums. That's where we can help.

ModMaster software

is easy to use software for computing, analyzing and presenting the workers comp mod. ModMaster is

a valuable tool used by insurance and risk management professionals in companies of all sizes
not just a product, but a service which includes timely updates of the experience rating formulas and their associated rating values and exceptional support from our conscientious and knowledgeable staff

View the Why ModMaster? and Getting Started videos to learn more about ModMaster.

Gain a competitive edge by understanding what drives

workers comp premium costs

ModMaster enables you to

accurately project the experience rating factor before it is promulgated by the bureau
identify the minimum mod possible and calculate the controllable mod, thus showing how much money could be saved in premiums
analyze losses to show what specific losses cost in increased premiums
better communicate the factors affecting the mod and illustrate the value of loss control and loss prevention services
anticipate client concerns, such as a significant change in payroll or loss trends which may impact the mod for several years
increase accuracy of cost allocation and risk management decisions
use the mod in underwriting before it is promulgated by the bureau
forecast the mod for the next policy period
compute and verify the accuracy of mods

For more about ModMaster's benefits, view the video Why ModMaster?.

User-friendly features.

ModMaster features include

easy to use data entry screens and system navigation. The "NEXT" button steps you through the process of entering required data and performing a calculation.
web-based training videos which show you the operation of every page within the software and highlight features that you shouldn't miss
support for single and multi-state mod calculations using NCCI (including California), Pennsylvania/Delaware and New Jersey calculation methods. See a complete listing of all states supported

automatic lookup of experience rating data based on the effective date of the mod

exception handling for any type of credit program, ARAP, Maine, and more

over 30 reports and graphs, including the familiar bureau-style report and numerous sensitivity reports reflecting the impact on the mod by losses and payroll

functions for analyzing deductible levels, forecasting mods and performing what-if scenarios with the formula calculator

on- screen tips and help, web-based videos, and unlimited toll free phone and email support

approximately 12 web-based updates per year, to ensure you have the latest rating data

for a better idea of how the system works, view the video
Getting Started with ModMaster

Other links:

Licensed by NCCI System Requirements Technical Support

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