A mid-sized manufacturer recently came to us looking for ways to reduce their Workers’ Comp costs.  We analyzed seven years of Experience Modification Ratings (EMRs), focusing on reported losses and how data was submitted to the Rating Authority.

What we found: costly errors.

Our team identified discrepancies in four years of EMR reporting.  After working with the appropriate authorities to correct the records, the client received over $35,000 in refunds on past premiums.

2023/2024: Original Rating .87 → Revised to .82

2022/2023: Original Rating 1.07 → Revised to .98

2021/2022: Original Rating 1.08 → Revised to 1.07

2019/2020: Original Rating .85 → Revised to .82

Correcting EMRs not only leads to refunds but also strengthens your bottom line and overall competitiveness.  For manufacturers, an inflated EMR often results in higher insurance premiums and added operational costs.  Lowering your EMR improves cash flow and reduces expenses that directly affect your profitability. 

Many companies overpay without knowing it.  Our work doesn’t cost you anything out of pocket.  If we don’t find savings, you pay nothing.  If you’re an Owner, CFO, or P&C broker, ask us for a no-risk review.  Your company or your clients could be leaving real money on the table.