Workers' Compensation
Insurance

Workers Compensation is getting more complicated every day

Every business has risks and employers offset the cost of risk through the purchase of insurance. Premiums associated with workers’ compensation insurance is determined by their experience modification rating or XMOD. Employers with well-designed and executed loss prevention programs can control their loss rate, but the incurred cost of the losses are set by the insurance industry.

Here’s How Sureco Insurance Agency Can help.

By partnering with Sureco, we can leverage the knowledge and experience that can only be acquired by years of experience reducing open claim reserves by over 1 Billion dollars.

One of our core value added services is access to the nation’s premier workers’ compensation cost control system. We have documented history of auditing workers’ compensation files, reducing open reserves by 30% and lowering XMODs by 27 points. This has a direct correlation to your workers’ compensation premium costs.

Through the Sureco systemic approach our agency can provide you with:
  • • Claim Reviews prior to XMOD Rating filings and Policy Renewal
  • • Claims consultation regarding settlement and litigation
  • • Data Collection and management for all outstanding claims
  • • Experience modification verification, projections, math models and Promulgations
  • • Premium diagnostic analysis reports
  • • Status update reports on claims such as:

Experience Modifier History

Things you should know

We have documented history of auditing workers’ compensation files, reducing open reserves by 30% and lowering XMODs by 27 points.

Subrogation recovery is not usually recalculated into loss experience causing claim amounts to be higher, which has a direct correlation to your workers’ compensation premium.