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Do Schedule Credits Reward Safety – Yes They Do


Schedule Credits Can Save Big on Premiums

Schedule Credits – discretionary premium adjustment based on the underwriter’s evaluation of special characteristics of a risk not reflected in the E-Mod.  The opposite adjustment is schedule debits.

graphic of schedule credits or debits balancing

I have seen where the Schedule Credits or Debits can cause a 25% increase or a decrease to an employer’s premium. Most of the credits involve safety issues such as housekeeping, guards in place, etc. The Schedule Credits can offset part of the premium increase caused by a higher E-Mod. Each state has its own specific set of criteria. The rating bureaus will usually have the most comprehensive tables.

For a safety officer, this can be one of the most powerful parts of your employment file.   A properly documented list of safety accomplishments and programs should always be presented to the Workers Comp underwriter when a new policy is written each year.

There are credits for such areas as housekeeping, clean work areas, updated safety manuals, hearing protection, and other safety considerations.

If you are self insured, present the same material to the actuary when a Loss Development Factor (LDF) is being calculated.   The safety information can always be a method to lower a scheduled debit or increase scheduled credits.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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