Hartford: NCCI Workers Compensation - Experience Rating Explained

If you think an experience rating worksheet looks daunting, imagine how it would appear if you knew very little about insurance.  That’s the perspective of most of your customers, and yet this worksheet has a big impact on the premium they pay for workers compensation insurance.  I believe we can gain a lot of credibility with our customers if we are able to take what looks like, and is, a complicated document, and make it simple and understandable. 

This presentation walks you through the mathematical process of developing an experience rating modification factor, exploring all the information contained on an NCCI experience rating worksheet. Then we pull out and discuss what’s important for the insured to know and understand.   We also will uncover how this worksheet can help you develop questions to discuss with the insured which could lead to the development of strategies to impact future loss experience.

What…