Risk Management Support
Work with experienced specialists who help identify safety risks and implement programs that reduce workplace incidents.
Workers' Comp Cost Control
Lower Your Workers' Comp MOD and Reduce Insurance Costs
If your Experience Modification Rate (MOD) is above 1.00, your business could be paying significantly more for workers' compensation insurance than necessary.
Simploy helps businesses improve workplace safety, manage claims effectively, and gain access to stronger workers' compensation programs through our PEO model.
Lower risk. Lower MOD. Lower premiums.
Why Simploy
Why businesses choose Simploy to help reduce workers' compensation costs
Workers' compensation premiums are heavily influenced by your Experience Modification Rate (MOD) - a number that reflects your company's claims history compared to other businesses in your industry.
A MOD above 1.00 indicates higher risk and often leads to increased insurance premiums.
Simploy helps businesses implement the systems needed to reduce incidents, manage claims effectively, and improve workplace safety - helping control workers' compensation costs over time.
Claims Management
Our team helps manage workers' compensation claims efficiently to minimize their long-term impact on your MOD.
Workplace Safety Programs
Proactive safety training and workplace risk assessments designed to reduce injuries and improve your company's risk profile.
Access to Better Workers' Comp Programs
Through the PEO model, businesses may gain access to stronger workers' compensation programs backed by large-group purchasing power.
Real Example: Lowering a Company's MOD Score
Small improvements to your Experience Modification Rate can significantly reduce workers' compensation premiums.
Here's an example of how one company improved their workers' comp costs with better risk management.
Before Simploy
- MOD: 1.32
- Annual Payroll: $1,800,000
- Workers' Comp Premium: $118,800
After Safety & Claims Improvements
- MOD: 0.96
- Workers' Comp Premium: $86,400
Estimated Annual Savings
$32,400
per year
Small improvements to your MOD can create significant long-term savings.
Core Value
How Simploy supports your business, your team, and your growth
Reducing workers' compensation costs requires more than insurance. It requires strong HR infrastructure, safety programs, and proper claims management.
Simploy provides the support businesses need to manage these critical areas with confidence.
Reduce workplace risk
Identify safety issues early and implement programs that prevent accidents before they happen.
Access dedicated HR expertise
Get day-to-day support and strategic advice from HR professionals who understand your business.
Save time and focus on growth
Let Simploy manage HR operations so you can focus on running and growing your company.
Estimate Your Workers' Compensation Savings
Even small improvements to your Experience Modification Rate (MOD) can significantly reduce workers' compensation premiums.
Use this estimate to see how improving your MOD could impact your insurance costs.
Estimated Results
- Current Premium
- $118,800
- Projected Premium
- $86,400
- Estimated Savings
- $32,400
Formula: Payroll / 100 x Rate x MOD. Savings = Current Premium - Projected Premium.
Top 5 Reasons Your Workers' Comp MOD Is Too High (And How to Fix It)
Your Experience Modification Rate is influenced by workplace safety, claims history, and how incidents are managed. Many businesses increase their MOD due to preventable issues.
Here are the most common reasons companies end up with a high MOD and what can be done to improve it.
Frequent Workplace Injuries
Repeated injuries signal higher risk to insurance providers and quickly increase your MOD.
How to fix it:
Implement proactive safety programs and employee training to reduce workplace accidents.
Poor Claims Management
Claims that remain open too long can increase their long-term financial impact.
How to fix it:
Work with specialists who can manage claims efficiently and reduce long-term cost exposure.
Lack of Safety Training
Employees who lack proper training are more likely to experience workplace injuries.
How to fix it:
Introduce regular safety training and enforce workplace safety standards.
Incorrect Job Classifications
Misclassified employees can significantly increase workers' compensation costs.
How to fix it:
Review employee classifications and payroll reporting to ensure accuracy.
No Risk Management Strategy
Many companies react to accidents instead of proactively preventing them.
How to fix it:
Implement structured safety programs and ongoing workplace risk assessments.
Industries That Benefit Most from Lower MOD Scores
Simploy works with businesses across industries where workers' compensation costs can significantly affect operating expenses.
- Construction
- Manufacturing
- Landscaping
- Transportation
- Warehousing
- Service businesses
Our team helps companies in these industries improve workplace safety and control workers' compensation costs.
Ready to lower your workers' compensation costs?
Our specialists can review your current workers' compensation program and help identify opportunities to improve your MOD and control insurance expenses.
FAQ
Questions about lowering your workers' comp MOD
Quick answers to common questions about MOD, risk management, and cost control.
Your MOD is a number used by insurance companies to measure your company's workers' compensation risk compared to other businesses in your industry.
PEOs provide risk management programs, claims management support, and access to large-group insurance programs.
MOD improvements usually occur over time as workplace safety improves and claims are managed more effectively.
Yes. Many small and mid-size businesses use PEO services to access better HR support and stronger insurance programs.