2011 Rates: What to Expect?

The situation with 2010 rates should be viewed as a 'short-term' gain. Employers need to prepare for significant increase in 2011. This entails:

• Doing everything possible to drive down your Experience Modification Factor.
• A thorough evaluation of your Open claims.  Is everything being done to get them closed?
• Identify claim trends - to better understand where claims and safety resources need to be focused.
• Verify solid safety programs are established and in place. 
• Consider Retrospective Rating.  An individual or group program allows you to somewhat offset the potential rate increase.

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