Providing Help for Agents with High Ex Mod Clients
While seeking coverage for your high-risk clients, you might often encounter the elephant in the room—your client’s high experience modification factor, or ex mod. Based on your client’s actual past experience and the expected experience of their Workers’ Comp class, ex mods are essentially a system that promotes safer workplaces. The safer the workplace, the lower the ex mod… and when a business is considered risky due to previous accidents or the threat of accidents, they end up literally paying for it with a high ex mod! Soaring ex mods may be a factor for your clients in high-risk industries like:
When they have a high ex mod, your clients may find themselves paying more for Workers’ Compensation or struggling to find coverage at all.
Luckily, we’re the experts in helping agents find coverage for their high-risk clients! At PEO Insurance Brokers Network, we can help you find a home for your clients in high-risk industries, including clients with high experience modification factors.
We provide Workers’ Compensation coverage to businesses in need, no matter the risk, and help agents find the best PEO coverage and savings for their insured. To learn how we can help you find coverage for your high-risk clients, email quotes@peobrokersnetwork.com to receive a quote.
