Definition
A multiplier on workers' comp premiums based on your claims history compared with similar businesses; 1.0 is average.
Experience mod explained
A mod below 1.0 lowers premiums; above 1.0 raises them. Under some PEO master policies your own mod may not apply, which helps employers with poor history and can hurt those with good history. Ask how your mod is treated.
Where Experience mod comes up
Industries