How Keevily Helps You Lower Your Experience Modifier (Mod)
Your Experience Modifier (Mod) plays a key role in determining your workers’ compensation insurance premiums. A lower Mod can mean significant savings for your business—but understanding how it’s calculated and what influences it is essential.
At Keevily, we work closely with our clients to help improve workplace safety, reduce claim frequency and severity, and ensure claims are closed efficiently. These efforts directly contribute to lowering your Mod over time.
What is the Experience Mod?
Your Experience Mod is a numeric representation of your company’s past claims history compared to similar businesses. A Mod of 1.00 is considered average. A Mod greater than 1.00 may indicate higher-than-average losses, which can lead to increased premiums. Conversely, a Mod below 1.00 suggests better-than-average performance and can result in lower premiums.
How Keevily Supports Mod Reduction
We partner with you on proactive strategies that make a measurable impact, such as:
- Safety Programs: We help implement tailored safety protocols to prevent workplace injuries.
- Claims Management: Our team monitors open claims to support resolution and cost containment.
- Training & Compliance: We provide resources and tools to ensure your team is trained and up to date on best practices.
- Data Analysis: We analyze trends in your loss history to uncover improvement areas before they impact your Mod.
These efforts not only support a safer workplace but also create long-term savings by improving your Mod score.
If you’re unsure how your Mod is calculated—or want to explore ways to reduce it—reach out to our team. We’re here to help you protect your workforce and control your insurance costs.
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