Workers Compensation Rates: Is The Soft Work Comp Insurance Market An Illusion?
Although bureau loss cost/rate level have been decreasing total workers compensation premium continues to mostly increase.
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Stuart Cytron
Nov 28, 20235 min read
Inflation And Workers Comp Insurance Fraud? What Workers Compensation Audits Reveal.
In 2023 I've found myself involved in numerous Workers' Comp Insurance audits where I observed behavior I consider unethical or fraudulent.
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Stuart Cytron
Sep 21, 20235 min read
Should You Simply Price Shop Your Work Comp Insurance Quotes?
Your Workers Compensation insurance policy is identical to your competitors’ policies. All coverage provisions are regulated by the state.
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Stuart Cytron
Aug 18, 20234 min read
Employers Work Comp Insurance Carrier Punishes For A Good Experience Modification Rate
A Client's experience modification rate fell from a .98 to .80 at renewal. That should be great news! I happen to know this decrease...
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Stuart Cytron
Feb 24, 20236 min read
The Zero Cost, Easiest Way To Reduce Your Experience Modification Rate & Work Comp Claims
Early reporting is a zero cost, easy way to reduce your experience modification rate
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Stuart Cytron
Aug 12, 20225 min read
What Everyone Ought To Know About NCCI Codes
What Everyone Ought To Know About NCCI Workers Comp Codes....They're frequently wrong and even "experts" can't keep them straight.
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Stuart Cytron
Apr 29, 20229 min read
TRIR vs EMR (Total Recordable Injury Rate vs Experience Modification Rate)
The TRIR and the EMR are enshrined safety metrics within the Construction Industry (and others); indicators of an employers safety.
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Stuart Cytron
Mar 2, 20224 min read
Work Comp Audit & Tiny Habits Principle To Slash Costs
I'm reading another great book (Tiny Habits by BJ Fogg) that has given me a new mental model to improve both my personal and professional...
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Stuart Cytron
Dec 2, 20216 min read
Is Your "Bad" Experience Modification Rating (> 1.00) Really That Bad?
You're Experience Modification Rate is probably not in as bad shape as you think. Improving to a 1.00 is very manageable for everyone!
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Stuart Cytron
Nov 29, 20213 min read
What Is A Good Experience Modification Rate?
The best Experience Modification Rate is your “minimum mod.” Remove all claims from your EMR Worksheet, recalculate, and that is the best.
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Stuart Cytron
Nov 23, 20211 min read
Is Your Business’ Experience Modification Rate Meaningless?
Stuart Cytron, MBA has been published in trade journals such Construction Forum St. Louis and St. Louis Business Journal among others. ...
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Stuart Cytron
Nov 3, 20216 min read
Work Comp Insurance Quote Information Asymmetry: Close The Information Gap And Save Money
How To Close The Work Comp Information Gap And Save Money
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Stuart Cytron
Jun 3, 20206 min read
Does My Workers Comp Audit Refund Indicate That I Received A Fair Price?
Workers Compensation Audit Refunds. Do they Indicate You Didn't Overpay?
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Stuart Cytron
May 5, 20205 min read
Labor Burden Rate: The 1 Action You Can Take Right Now To Reduce Your Labor Burden
Below: No. 1 Tip to Maximize Profit: Labor Burden Rate The Burden Of Labor Burden Reduce WC Cost/Full Time Employee & Your Labor Burden...
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Stuart Cytron
Apr 8, 20203 min read
NCCI Workers Comp Studies: When Good Is Bad
My wife always warns me that she can see eyes glaze over when I start speaking about insurance. So, when asked what I do for a living, I...
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Stuart Cytron
Feb 12, 20202 min read
Reclassification. Right OR Rip-Off? What do you think?
Below is an actual email exchange between a client and his insurance company auditor regarding a reclassification. Who is right?
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Stuart Cytron
Feb 4, 20203 min read
NCCI And Artificially Low Experience Modification Rates
"Buying down" experience modification rates is an issue about which NCCI has been trying to educate people.
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Stuart Cytron
Jan 16, 20203 min read
Reduce Your Workers Comp Claims And Next NCCI Experience Modification Rate Through Reserve Auditing
Reserve Audit Your Workers Comp Claims There is a good reason why I send this reminder at the beginning of the year which I'll...
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Stuart Cytron
Sep 11, 20192 min read
Workers Compensation KPI: 3 Suggestions
There are numerous workers compensation KPI we could utilize depending on organizational objectives and goals. But, here are three suggesti
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Stuart Cytron
Sep 5, 20194 min read
The Downside Of Declining Work Comp Rates: Experience Modification Rating
The down side of this otherwise positive trend could reside in your Experience Modification Rate.
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Articles By This Author
Author
Stuart Cytron
Stuart Cytron is the founder of Cytron Group LLC, a workers' compensation insurance audit and consulting firm based in St. Louis, MO. He is focused on helping clients save money on their workers' compensation programs and providing much needed pricing transparency.
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