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What is EMR – Experience Modification Rate?

EMR stands for experience modification rate, and it is used by the Ohio BWC to gauge the past costs of injures and future chance of risk of an employer in the state of Ohio. The lower the EMR, the lower that employer’s workers’ comp premiums will be. 

Increased Premiums 

An EMR 1.00 is considered the industrial average. If a company has an EMR greater than 1.00, than they have had at least one or more workers’ comp claims on their policy. Likewise, if a company has an EMR less than 1.00, say 0.75, then they would have a lower premium than the industry standard. 

Workers’ comp claims can affect your premiums and EMR for up to 4 years.

Lost Business

Many industries require businesses to submit their EMR to bid on projects or for contract renewals. If your EMR is too High, you may not even be able to bid on a specific project. One industry that comes to mind is construction. If your company has an EMR of 1.00 and your competitor has an EMR of 0.90, they may appear to be less of a risk.  They also have a competitive advantage because they pay less for their workers’ comp premiums and can price the job at a batter rate. 

How to Lower Your EMR?

Having a good safety plan in place is a good starting place in preventing workplace accidents. However, accidents do happen. Having a good TPA that focuses on managing the claim and the medical costs is key too. 

Contact Us

SuretyHR is offering a free, no-obligation evaluation of your EMR. Make sure you are getting the best premiums possible and keeping your employees and workplace safe! Contact us today to learn more. 

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