Experience rating of workers' compensation insurance rewards employers with good safety records.

Question

Quizplus · Accepted Answer

Experience rating of workers' compensation insurance is a system that adjusts an employer's premium based on their past claims experience. Employers with good safety records and fewer claims will receive a lower premium, while those with frequent or severe claims will pay a higher premium. This incentivizes employers to maintain safe working conditions and prevent workplace injuries.

Experience Rating of Workers' Compensation Insurance Rewards Employers with Good