Filed Under:Markets, Workers Compensation

Are Negligent Third Parties Increasing Your Client’s Experience Mod?

Albert was driving to pick up the office mail from the post office when another driver ran a red light and smashed into the driver side door. Albert was transported to the hospital and spent several days there recovering from his injuries. 

Workers’ compensation paid for Albert’s medical treatment and his time away from work, costing the insurance company well over $100,000 and ultimately increasing Albert’s employers experience mod. Did it have to be that way? Did the disaster that Albert suffered also have to wind up hitting his employer in the wallet? Maybe not. 

With adjustments caused by subrogation recoveries, you have an even wider range. You can still only fix three mods, but those three mods can be the current mod up through the next four mods.

So, for a June 1, 2012 effective date, that means you could fix:

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