High Workers’ Comp Experience Modification
At Redvo Workers Comp Brokers, we help businesses understand and manage their workers’ compensation costs through experience modification ratings (EMRs). This rating is based on your company’s past workers’ compensation claims and is used by insurers to assess risk and set premium rates. A strong safety record can lower your EMR—and your insurance costs—while a higher EMR may signal greater risk and lead to increased premiums. Our team works with you to improve your mod score and reduce your overall risk profile.
PEO companies like Redvo Workers Comp Brokers can help businesses reduce their workers’ compensation insurance premiums by enhancing workplace safety and streamlining claims management. Through access to comprehensive safety training, proactive risk assessments, and expert claims handling, we help minimize the frequency and severity of workplace injuries. These improvements can lead to a better experience modification rating (EMR), ultimately lowering your workers’ comp costs and improving your bottom line.
In addition to safety and risk management services, PEOs can also offer access to cost-effective workers’ compensation insurance programs. By leveraging their collective buying power, PEOs are able to negotiate competitive rates and secure customized coverage options tailored to the specific needs of each business.
Overall, PEOs are a valuable resource for companies aiming to improve their experience modification rating and reduce workers’ compensation expenses. With access to robust safety initiatives, expert claims management, advanced risk assessment tools, and discounted insurance programs, businesses can significantly lower their premiums and strengthen their bottom line. At Redvo Workers Comp Brokers, we compare solutions from dozens of top-tier PEO providers—helping you cut your workers’ comp costs by as much as 40%.