Misconceptions about mod ratings and reserves are quietly draining budgets
“Workers’ comp is one of the most controllable costs our clients deal with,” said Mike Lane (pictured), commercial risk consultant at Reagan Companies. Yet many business owners still treat it as fixed.
“What I hear a lot from clients and prospective clients is the phrase, ‘it is what it is,’ and they’re parroting what they’ve heard from their retail broker,” he said. That resignation, he argued, comes fr…