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Why Using Experience Mod as a Bid Qualifier is a Mistake for Contractors
In this episode, Kevin Ring, Lead Workers' Comp Analyst at the Institute of WorkComp Professionals, dives into one of the most flawed practices in the construction industry—using the Experience Mod (EMR) as a bid qualifier. Contractors and businesses often rely on the Experience Mod to evaluate subcontractor safety, but this metric is *not* designed for that purpose. In fact, using it incorrectly could lead to unfairly disqualifying safe contractors and even pushing companies out of business.
What You’ll Learn:
- Why the Experience Mod was never intended as a safety performance metric
- The reasons behind this common industry mistake
- Why OSHA statistics and safety rates provide a far better measure of contractor safety
- How relying on the wrong metrics could hurt your business more than help it
Key Takeaways:
By watching this video, you'll gain a clear understanding of how to more effectively vet subcontractors while ensuring your job site remains safe and compliant with industry standards. Whether you're a general contractor, safety manager, or an insurance advisor, these insights will help you avoid pitfalls and make smarter hiring decisions.
Pro Tip: Learn the right way to assess safety performance using OSHA data instead of mod rates, and how this can save your clients money while keeping everyone safer on the job.
Ready for more? Reach out for an article with more in-depth information or to discuss how to put better safety measures in place.
Contact Information:
Kevin Ring | Institute of WorkComp Professionals
(828) 274-0959
Let’s Connect:
Set up a time to chat and find out how the IWCP process can help you grow your book of business and help your clients manage their Experience Mod more effectively and prevent employee injuries: ScheduleWithIWCP.com
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By Workers' Comp Wisdom Present by The Institute of WorkComp ProfessionalsIn this episode, Kevin Ring, Lead Workers' Comp Analyst at the Institute of WorkComp Professionals, dives into one of the most flawed practices in the construction industry—using the Experience Mod (EMR) as a bid qualifier. Contractors and businesses often rely on the Experience Mod to evaluate subcontractor safety, but this metric is *not* designed for that purpose. In fact, using it incorrectly could lead to unfairly disqualifying safe contractors and even pushing companies out of business.
What You’ll Learn:
- Why the Experience Mod was never intended as a safety performance metric
- The reasons behind this common industry mistake
- Why OSHA statistics and safety rates provide a far better measure of contractor safety
- How relying on the wrong metrics could hurt your business more than help it
Key Takeaways:
By watching this video, you'll gain a clear understanding of how to more effectively vet subcontractors while ensuring your job site remains safe and compliant with industry standards. Whether you're a general contractor, safety manager, or an insurance advisor, these insights will help you avoid pitfalls and make smarter hiring decisions.
Pro Tip: Learn the right way to assess safety performance using OSHA data instead of mod rates, and how this can save your clients money while keeping everyone safer on the job.
Ready for more? Reach out for an article with more in-depth information or to discuss how to put better safety measures in place.
Contact Information:
Kevin Ring | Institute of WorkComp Professionals
(828) 274-0959
Let’s Connect:
Set up a time to chat and find out how the IWCP process can help you grow your book of business and help your clients manage their Experience Mod more effectively and prevent employee injuries: ScheduleWithIWCP.com