“EMR” stands for “experience modification rating.” EMRs are used by insurance companies to price workers’ compensation premiums. Worker’s compensation is a payout that occurs after an on-the-job injury. By looking at your company’s EMR rating, an insurance company can assess the cost of past incidents and gauge future risks. You can think of an EMR rating like a credit score, as it draws data from your company history in order to predict future liability.
How Do I Find My EMR??
If your company has already been experience rated, then you can contact your insurance agent for a copy of your current EMR letter.
If EMRs are news to you, then you are probably not yet experience rated. In this case, you will need to contact your Advisory Organization. Advisory Organizations can vary from state to state. The NCCI is the most popular Advisory Organization, as it provides services to 33 states. If your company is in California, Delaware, Indiana, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, North Dakota, Ohio, Pennsylvania, Texas, Washington State, Wisconsin, or Wyoming, you will need to file directly through a state-specific insurance rating organization. After contacting the appropriate Advisory Organization, you will be asked to submit your company information and OSHA logs before receiving your company EMR.
In some cases, it is not possible to qualify for an EMR. EMRs are calculated based on a three year average, and therefore this is not possible for companies younger than three years. Some companies cannot be experience rated because they are too small. Other companies do not qualify for an EMR because their premium is too low. In these cases, you will not be able to find your rating because EMRs do not apply to your company.