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X-WR-CALDESC:ABC-NJ: The voice of merit shops in New Jersey
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DTSTART;TZID=America/New_York:20260210T080000
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DTSTAMP:20260119T235658Z
CREATED:20260119
LAST-MODIFIED:20260119
PRIORITY:5
SEQUENCE:23
TRANSP:OPAQUE
SUMMARY:What is EMR and How it Can Help You and Your Business: Free Member Webinar
DESCRIPTION:\nThe Experience Modification Rate (EMR), also known as the X-Mod, is a numerical factor that reflects a company’s past workers’ compensation claims experience compared to other businesses in the same industry. It is primarily used by insurance companies to adjust a business’s workers’ compensation insurance premium based on its claim history. An EMR of 1.0 is considered average; a rate below 1.0 indicates better-than-average safety performance, while a rate above 1.0 indicates worse-than-average performance.\nImportance of EMR:\n\n\nInsurance Premiums: EMR directly affects the cost of workers’ compensation premiums. A lower EMR can lead to significant savings, while a higher EMR can increase costs, making it essential for businesses to manage their safety practices effectively.\n\n\nSafety Benchmarking: EMR serves as a benchmark for comparing a company’s safety performance against its peers. A lower EMR suggests fewer accidents and injuries, which can motivate businesses to improve their safety protocols.\n\n\nContractor Selection: Many general contractors and project owners require subcontractors to have an EMR below a certain threshold (often 1.0) to qualify for bidding on projects. A high EMR can disqualify contractors from public and large private-sector jobs.\n\n\n
URL:https://www.abcnjc.org/events/febwebinar2026
CATEGORIES:Educational/Professional Seminar,Free Member Webinar Series,Members Only,Safety Committee,Virtual
LOCATION:Virtual/Zoom
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