Illinois Workers Compensation: Opportunity Costs

Have you ever considered the true cost of a work related claim? We’re all learning the direct result on your workers compensation experience modification factor and how your insurance premiums are affected… but what about indirect costs or opportunity costs?

  • Some of the your customers are now requiring a modification factor below 1.00.
  • If you’re a contractor… a mod over 1.00 will disqualify you for the Illinois Contractor Credit.
  • Working Capital:  the money you’re spending on premiums are misdirected.
  • Downtime: The injured employee, supervisor and others.


Can you afford not to implement a strategy to control your workers compensation expenses?

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