If you own or manage a workplace, you’ve likely heard the term Experience Modifier Rate (EMR) when dealing with workers’ compensation insurance. But what exactly does it mean, and why should you care?
What Is an Experience Modifier Rate?
EMR is a number used by insurance companies to assess your risk level compared to similar businesses. It’s similar to the credit rating system lenders use in granting loans and setting interest rates.
An EMR and a credit score are ways of…
