RISK INSIGHT: Mod Verification Helps M3 Clients Save Millions

Property & Casualty


At M3, our practice of taking the extra step when it comes to workers’ compensation data 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 2013-2018, M3 helped clients save an average of 4 points on their experience modification factor by verifying the accuracy of the reported data and identifying any applicable rules for re-filing claims. This process ensures experience mod points and premium credit due are validated on your behalf.

Mod Verification process

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. Call 800-272-2443, or visit www.m3ins.com.

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