You Pay for Workers Compensation Claims
With the impact of your Experience Modification Factor, you pay work comp claims. In fact, sometimes you can pay $2 - $3 for every $1 the insurance company pays.
The only time a workers compensation policy functions like most other insurance policies is for catastrophic claims. The reality is that 90% of all claims are under $5,000. Our reports can show you the impact of every work comp claim on your experience mod and how much you pay in premiums for each of your claims.
This understanding is the basis for our business model. Once you understand this fact – you’ll understand the need for CompVision.