ITC and Sønr Name CompScience #1 Innovative InsurTech Startup
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ITC and Sønr Name CompScience #1 Innovative InsurTech Startup

InsureTech Connect Vegas and Innovation Scout Sønr Award CompScience First Place in Forward50 Americas.   Over 50 startups were researched and e[...]

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What Is an X-Mod?

An X-Mod (short for Experience Modification Factor) is a number used to adjust the premium rates of workers’ compensation insurance policies.   An X-Mod is calculated based on the claims experience of a particular business and is intended to reflect the relative risk of that business.   In general, businesses with a history of high […]

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How Can Injury Prevention Lower X-Mod?

Preventing injuries in the workplace can help lower your X-Mod in several ways: Fewer claims: By preventing injuries, you can reduce the number of workers’ compensation claims filed by your employees, which can lower your X-Mod. Reduced claim costs: Injuries that do occur can be more severe if appropriate safety measures are not in place. […]

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How Does Preventing Injuries Lower Workers Compensation Costs?

Preventing injuries is a great way to lower workers compensation costs. Here are a few strategies that companies can use to prevent injuries in the workplace: Implement safety training programs: Providing safety training to employees can help them understand how to perform their jobs safely and reduce the risk of injury. Conduct hazard assessments: Identifying […]

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Insight

How Does Video Analytics Improve Workplace Safety?

Video analytics can be a useful tool for improving workplace safety in a number of ways: Monitoring high-risk areas: Video analytics can be used to continuously monitor high-risk areas in the workplace, such as machinery and equipment, to identify potential hazards and alert employees to take necessary precautions. Identifying unsafe behaviors: Video analytics can be […]

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