J.F. Kiely Construction Co. Celebrates Safety Record
"Lowering our EMR is a direct result of many hard working and dedicated team members," said
About the Experience Modification Rating:
The experience modification rating (e-mod) is a term used in the American insurance business and more specifically in workers' compensation insurance. The e-mod represents either a credit or debit that is applied to the premium before discounts. If your company's loss experience is more costly on the average than other company's loss experience in your industry, the result is a debit e-mod, or surcharge on premiums. If your company's experience is less costly than the industry average, you will receive a credit e-mod, or discount, on your premium. Usually three years of loss experience are used to determine the experience modifier for a workers' compensation policy. The three years typically do not include the immediate past year, but the three prior.
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The Kiely Family of Companies
732-222-4400 – Telephone
732-229-2353 – Fax
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