Tips for controlling your workers??? comp costs
Controlling Workers' Comp Costs
Tip of the Month:
RUN Clients AutoPay Clients WFN Clients
Controlling the Variables: What you can do to help keep your workers' comp premium costs down
Controlling the Variables: What You
can Do to Help Keep Your Workers’
Comp Premium Costs Down

In the ever-changing world of workers’ compensation, many employers struggle to understand and manage their coverage, while maintaining a firm grasp on their budget.

In a recent article by Property Casualty 360°, a leading national source of insurance news, research suggests that 2014 is a pivotal year for workers' compensation — especially in terms of rising costs. According to the article, carriers are becoming much more selective about what types of businesses they choose to cover. And that could mean higher premiums for employers.

The root of the problem

According to NCCI, rising rates are a direct result of a key change in how carriers calculate premiums. The Experience Modifier (or MOD) is the numerical representation of your company’s claims history and safety record — and due to the increase in the cost of employee injuries, MOD is growing.

Determined by rating bureaus, the MOD is used by insurers to gauge the costs of past injuries for a particular class code, as well as the probability of future risk.

For more details on how rates are calculated, check out the December 2013 issue of Inside Coverage.

Taking back control

So, how can you get a handle on your costs? Working with Automatic Data Processing Insurance Agency (“ADPIA”) and utilizing your carrier programs can help keep your MOD and premium costs as low as possible:

Your best bet? Prevention

By following these precautionary measures, you can help deter employee injuries and keep your time and money where it belongs — invested in your business.

For more information on workers’ compensation coverage, call our Licensed Client Service Team at (800) 524-7024.

Eliminating the Guesswork of Workers' Compensation Premium Payments

Eliminating the Guesswork of Workers’ Compensation Premium Payments

Complex yet necessary administrative tasks — such as workers’ compensation premium payments — can disrupt your company’s workflow and steal focus from your business priorities. ADPIA through its affiliate ADP has a simple and effective solution for its payroll clients: ADP’s Pay-by-Pay® Premium Payment Program for Workers’ Compensation.

By integrating your workers’ compensation premiums with your payroll, you’ll benefit from peace of mind knowing that your premium payments are accurate and on time — every time. This service will help you:

Learn how ADP’s Pay-by-Pay may be able to provide your business with an accurate and convenient service to manage your workers’ compensation premium payments.

For details, call our Licensed Client Service Team today at (800) 524-7024.


The information contained herein represents the products and services available through only one of the business groups of Automatic Data Processing Insurance Agency, Inc. (ADPIA). ADPIA services mid and large size clients with various insurance products and services through its other business groups.

All insurance products will be offered and sold only through Automatic Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners; 1 ADP Blvd. Roseland, NJ 07068. CA license #0D04044. Licensed in 50 states. Certain services are provided through the carrier partners of ADPIA and the carriers may charge for such services. Certain services may not be available in all states. Automatic Data Processing Insurance Agency, Inc. is an affiliate of ADP. ADP’s Pay-by-Pay is a payroll enhancement feature of ADP’s payroll processing services. Clients must be using ADP's tax filing service to take advantage of the Pay-by-Pay Premium Payment Program. The ADP logo, ADP and Pay-by-Pay are registered trademarks of ADP, Inc. Copyright ©2014 ADP, Inc.