EMR Reduction
A Knowledgeable EMR Reduction Consultant Serving NYC
Understanding Experience Modification Rate
EMR, otherwise known in the insurance field as Experience Modification Rate, is a term used by insurance companies to gauge both the previous cost of injuries and the future chances of risk. In essence, the lower your company’s EMR, the lower your company’s workers compensation premiums will be – so they have a direct impact on your regular insurance expenses. An EMR of 1.0 is considered to be the industry average, though many organizations in construction, healthcare, manufacturing, and industrial fields often have a higher EMR, particularly if their company has experienced costly injuries or workplace accidents in the past.
EMR typically sticks with companies for an average of three years, so if your business has an EMR of greater than 1.0, it means your insurance provider has likely already pad a worker’s compensation claim and consequently increased your premiums for the next three years. At Premier Safety LLC, we provide companies in just about any industry with effective EMR reduction plans that lower their insurance expenses and promote a healthier and more productive working environment. Get in touch with our team today to discuss your EMR issues and we can provide the personalized consulting and safety solutions you need to reduce your insurance costs.