WCIRB: Experience Rating an Effective Safety Incentive

Experience rating serves as an effective incentive for California employers to provide safe workplaces, according to a new study by the Workers’ Compensation Insurance Rating Bureau. “Newly rated employers tend to have a larger decline in claim frequency over three years after their first X-mods than employers of similar size in the same industry that do not become experience-rated,” the WCIRB said. “The results indicate an impact of the initial qualification for experience rating that is directionally consistent with the intended incentive of experience rating to impr...