BizAssure’s XMod Xtreme service is guaranteed to identify issues with your client’s XMod and reduce future WC claim costs. That means if we can’t save your client’s business money, they don’t spend a dime.
An experience modification (XMod) directly affects a business’s workers’ compensation premium. As you likely know, the XMod is calculated on claims experience, payroll, and appropriate WC classifications. How many claims did your clients have in the last 4 years, not counting the current year? What was the percentage of claims that involved a plaintiff attorney? How well did their business handle those claims?
An XMod Xtreme review includes a free analysis of their workers’ compensation costs. About 1/4 of the process consists of managing the data used to determine premiums; i.e. XMods, incorrect payroll, confusing classifications, etc. This process is especially important since at least 60% of the data used in calculations that determine an employer’s premium is incorrect. The other 3/4 of the process regards the claim management. We have a proven method that ensures that all the calculations are done with extreme attention to detail.
This entire process happens entirely behind the scenes, ensuring that it doesn’t alter your day-to-day operations in any way.
Typical results are:
- Heightened Vigilance of the Impact of Unnecessary Claim Reserves on Premiums
- Heightened Vigilance of Fraud
- 75% Reduction in the Impact Indemnity Costs have on an Employer’s Costs
- 37% Reduction in the Number of Claims
- 48% per Claim Impact on Costs
- 51% Decrease in Cost Per Claim Within the First Year
Your clients deserve to pay less, and BizAssure can help. We’ll review your clients XMod free of charge, and if we find inconsistencies, we’ll help to lower their overall costs for a BizAssure member only price.
Fix your Workers’ Comp with BizAssure’s XMod Xtreme!
