Your experience modifier doesn’t just affect your insurance premiums—it can also influence your ability to secure business. Many customers, especially those in industries like construction, manufacturing, and logistics, evaluate a company’s safety performance as part of their vendor qualification process. If your experience modifier is too high, you may be deemed a higher risk and ineligible for their qualified vendor list.
On the other hand, a favorable experience modifier can be a powerful differentiator, signaling your commitment to safety and operational excellence. It can open doors to work with top-tier clients who prioritize partnering with companies that demonstrate strong safety records and risk management practices. In some cases, a low modifier might even be the deciding factor in landing a lucrative contract. Prioritizing your experience modifier is more than a cost-saving measure—it can be an investment in your business’s reputation and growth.