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EMods XMods Are Available Earlier Than You Think

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EMods XMods Are Available Much Earlier Than At Renewal 

The EMods XMods are Available earlier than the policy renewal date. There seems to be a secretive process on EMod publishing dates. Most companies wait until their agent, NCCI, or State Rating Bureau furnishes a copy. Quite often, the E-Mods (X-Mods in California) are available much earlier before your renewal date or E-Mod publication date.

Picture of new life of tree Available Earlier of Mods
(c) 123rf.com

Most Mods can be manually calculated six months before the Workers Comp policy renewal date and are available from the rating bureaus 3 – 5 months before your company’s renewal date. Calculating a Mod six months before it affects your policy can be helpful in the budgeting process. CFO’s especially appreciate knowing at least if their Mod is going to increase or decrease significantly.

A word of caution – each state may have not yet approved the rating values if a Mod is calculated this early. I have even seen states add in rating values after the policy renewal date. I always recommend to our clients to wait until their E-Mod is calculated and obtain a copy of it ASAP.

We also can monitor when the new EMods are available and pull the Mod sheets immediately. There is no exact date when the Mods are originally published. I guarantee you will not see the Mod when it is originally published no matter the rating bureau.

Woman Doing Calculating Available Earlier With Laptop And Coffee Cup On Table
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There are software packages on the market that will calculate Mods. However, the old saying of garbage in – garbage out applies to using E-Mod software. You have to know which claims and what values will impact your Mod. This can be a time-consuming and confusing process.

If you take a look at an NCCI or State Rating Bureau Experience Modification Factor worksheets, you will see rows and columns of data that may not necessarily make sense. Companies that operate in many jurisdictions and/or have many classification codes will usually have the most complicated EMod Worksheets.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt 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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