Home / RetailFirst Mod Program

RETAILFIRST VIDEO GALLERY

RetailFirst Mod Program

Experience modification factors (mods) are numeric values used in combination with state-mandated rates to determine workers’ compensation premium. Each year, the National Council on Compensation Insurance (NCCI) calculates a mod for an insured business by considering (1) audited payroll by job classification, (2) loss history (both medical and lost-time claims) and (3) NCCI’s expected loss rates and discount ratios for the appropriate state. Simply put, the mod compares a business’s claims record to that of all other businesses in the same classification, statewide. If a business has lower than average claim experience, its mod can drop, along with its premium. Conversely, a higher-than-average claim record could push a mod up. Watch this video to learn about the RetailFirst mod program.

additional videos

  • Client Spotlight – Kris Yerton

    Client Spotlight – Kris Yerton

    Kris Yerton of Yerton Auto Sales manages his risks through RetailFirst. Kris describes why he’s able to concentrate on managing his business while his risks are secure through RetailFirst. ...

    WATCH VIDEO
    Agent Spotlight – Ashley Bacot

    Agent Spotlight – Ashley Bacot

    Ashley Bacot, president of ProvInsure, explains why he trusts his clients with RetailFirst. ...

    WATCH VIDEO
    RetailFirst Client Satisfaction

    RetailFirst Client Satisfaction

    RetailFirst is dedicated to providing quality workers’ compensation insurance programs to help you manage your comp costs. We will work with you to create a culture of safety for your employees, pre...

    WATCH VIDEO
    RetailFirst Mod Program

    RetailFirst Mod Program

    Experience modification factors (mods) are numeric values used in combination with state-mandated rates to determine workers’ compensation premium. Each year, the National Council on Compensation In...

    WATCH VIDEO
    Agent Spotlight – Greg Sale

    Agent Spotlight – Greg Sale

    Independent agent Greg Sale explains why he writes with RetailFirst. ...

    WATCH VIDEO
    Agent Spotlight – Kevin Campbell

    Agent Spotlight – Kevin Campbell

    Kevin Campbell, owner of WorkComp Specialists, writes with RetailFirst Insurance because he trusts the financial backing and long-term relationship he’s had with the company. This video describes Mr...

    WATCH VIDEO