Reducing Workers' Comp Claims Through Better Staffing Practices
Reducing Workers’ Comp Claims Through Better Staffing Practices Workers’ compensation is the single biggest insurance cost for most industrial staffing agencies. It’s also the cost that most agencies treat as fixed — something you just pay and hope doesn’t get worse. It’s not fixed. Your claims experience directly drives your Experience Modification Rate (EMR), which directly drives your premium. An EMR of 1.2 versus 0.8 can mean hundreds of thousands of dollars per year in cost difference for a mid-size staffing firm. And unlike property insurance or general liability, your workers’ comp costs are almost entirely within your control. ...