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A Source for Workplace Safety News and Notes - from ComplianceSigns.com ®

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.
                    

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