What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?
Safety Services Company
AUGUST 21, 2020
Insurance companies use the number to assess the cost of injuries and future risks. When this happens, your insurer raises your insurance premium to mitigate risk. The class rate, for example, is higher for ironworkers, as this is a riskier job class than the class rate for a category, such as “accountant.”.
Let's personalize your content