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VALUE ADDED INSURANCE SERVICES
WC MOD EVALUATION
Capacity's mod evaluation recovers prior year
overcharges and protects against future overcharges
Capacity analyzes the factors used to calculate your workers compensation experience modification factors to identify errors. These errors are reported to you and then Capacity recovers the resulting premium overcharges.
This review has to be done on a retrospective basis since errors must occur before we can correct them. By monitoring and analyzing the experience mod factors unique to your company, we can lower your operating costs
Capacity is your advocate in the arcane regulatory process that
is governed by the insurance industry
Your modification factor is calculated by a regulatory bureau from data collected and transmitted to them by your insurance company.
An estimated 90% error rate is not unreasonable when you consider all the data that must be gathered, evaluated, transmitted, and processed accurately by companies preoccupied with their own objectives.
Frequently the rules are designed and implemented to facilitate dministrative expediency, not the stated regulatory purpose. The regulatory bureaus and their rules are governed by insurance industry executives.
CLICK HERE to download our Workers Comp Mod Evaluation brochure.
We estimate that premiums for 90% of
workers compensation policies contain errors!