M3 Helps Clients Save Millions Through Mod Verification Process

Property & Casualty

M3 takes the extra step when it comes to workers’ compensation data, and our attention to detail in the mod verification process has resulted in significant savings for our clients.

An experience modification factor adjusts an employer’s premium to reflect the difference between the employer’s workers’ compensation loss experience and the average experience that is expected for its classification(s) and size.

From 2015-2020, M3 helped clients save an average of 4 points on their experience modification factor, resulting in an aggregate savings of nearly $3.4 million.

This process verifies the accuracy of the reported data and identifies any applicable rules for re-filing claims, ensuring your organization’s experience mod points and premium credit due are validated on your behalf.

Every dollar counts, so we perform regular comparisons, benchmarking your plan data to ensure you are receiving the most competitive pricing.

Your M3 Account Executive can counsel you further on M3’s approach to risk management, including the mod verification process and other strategies we employ to help clients manage their risk and overall costs.

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