Current X-Mod
Give me the number on the current policy or rating worksheet.
Workers' Comp Cost Review
Your X-Mod went up. Put that change in context.
Give me the current and prior X-Mod together with premium and payroll. I will show you how the Mod sits beside the rest of the account.
I will compare the Mod with the premium and payroll movement before I tell you where I would look.
The Mod matters, but it is not the whole account.
I want to see where the current Mod sits, how it changed, and what the premium did at the same time. That gives me a better starting point than looking at the Mod by itself.
- How far the current X-Mod sits from unity.
- How much the X-Mod changed from last year.
- Whether premium moved at the same time.
What I will put together
The useful picture comes from reading the Mod beside the premium and payroll figures.
Prior X-Mod
Give me last year's number if you have it.
Premium and payroll
Give me the current and prior figures from the same policy periods.
You will see what the Mod is actually telling me
I will show you the Mod position and the premium movement together, then show you what I would verify in the account records.