April 20, 2012
Four Things Every Contractor Should Know About EMR
There's a small number that has a profound effect on every contractor's ability to be competitive and maintain profitability. This number also gives owners and construction managers insight into how a contractor makes key decisions about his or her business. But despite its impact and importance, far too many contractors do not have a solid understanding of what this number means, how it's computed and how their own decisions can impact it.
The number is your Experience Modification Rate (EMR), a multiplier insurance companies use to factor your company's workers comp history into your premium amount. The safety experts at Safety Management Group have published a new article that explains this very important number - and what you can do to influence it. Read more here, then browse construction safety signs here.
Posted by David Anderson