What is an e-mod?
An experience modification factor, or e-mod, is a factor calculated by the National Council on Compensation Incsurance based on your actual loss experience compared to the expected loss experience for your industry type over the past three years. If you qualify for experience rating and your losses are lower than expected within your industry, your e-mod factor will be less than 1.00, which will reduce your premium. If your losses are higher than expected within your industry, your e-mod factor will be greater than 1.00, which will increase your premium.
