Source: Andrew Mack
The big question. As you plan for 2020, what benchmarks do you need to assess to improve you workplace injury prevention programs and employee safety? Here’s a great place to start: the Experience Modification Rate (Emod) and OSHA’s DART Rate. Both play a crucial role in helping you reach your safety goals.
Emod is a metric used to calculate worker’s compensation premiums, taking into account three years of claim history, the severity of claims/injuries and their corresponding costs. It shows how your organization claims experience compares to other businesses of similar size and type. In short, the rate uses an employer’s past experience to project future losses.
If your Emod is:
If a claim is medical only and the employees doesn’t miss any work or returns to work within the waiting period, only 30 percent of the claim costs are included in the Emod. That’s one of the many reasons a strong return-to-work program is crucial to a low Emod and lower worker’s compensation premiums.
The good news is that an Emod rate can be lowered. A safety program that eliminates hazards and prevents injuries is essential. A strong return-to-work program, helping employees keep from missing work and managing injuries, can help you gain control of Emod rates and lower worker’s compensation premiums.
Days Away or Restricted Time is calculated by OSHA and is comprised of three metrics:
DART Rate provides a snapshot of safety performance in a calendar year and that rate can be used to measure how safety-related incidents impact productivity and profitability.
Looking at your DART Rate year to year is an indication of how effective your risk management program is and how safe your company is compared to others in your industry. The rate can help businesses look into issues sooner and develop actions plans to target issues.
Onsite injury prevention programs through WorkWell have demonstrated an ability to have a huge impact on reducing the likelihood that minor sprains & strains will incur indemnity costs. Onsite programs lessen the need for employees to leave work in the first place (prevent absenteeism) through convenience and early intervention, which affects DART. By reducing the number of claims through proactive initiatives (employee training & education, ergo, job coaching) and first aid, an onsite program can effectively keep a company’s Emod rate down.
As the old saying goes – you can’t manage what you don’t measure. Ready to get started? To unlock the key to lowering your worker’s compensation Emod and DART Rate, contact WorkWell today.