Volume III, Issue 3 

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The Best Way to Cut Workers' Comp Premium

Making Personal Influence Work for You

Ask Jan


The Best Way to Cut Workers' Comp Premium
Employers should focus on the experience modifier to significantly reduce premium cost.
Experience rating is the interaction of claims management and insurance pricing. An organization that controls its losses also controls its experience modifier and ultimately is responsible for higher or lower premiums. Although the formula is quite complicated, an understanding of the basic components will assist the policyholder in minimizing the impact of losses.

The experience modification formula considers losses for a three-year period, excluding the current policy period. The "losses" are more than just the amount that has been actually paid out on a claim.
[ more ]

Making Personal Influence Work for You
Use personal influence to get more accomplished.
As a manager at four different insurance companies during my career, I have found personal influence to be the most effective style of influence. Most people would rather be asked to do something than told to do it.
[ more ]
Ask Jan
Do you need a new job, or just a new attitude?
Dear Jan,
Every day seems to be more of an effort to get out of bed and face work. I’ve been with the same firm for over ten years and the excitement is definitely gone. Is it time for me to move on?
My Get-Up-and-Go is Gone
[ more ]
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Service Group
P.O. Box 26800
Austin, TX 78755-0800
800-299-6977