Illinois Workers Compensation Insurance and the Work Comp Contractor Credit
For Illinois Contractors, one of the most important reasons for managing your Experience Modification Factor is the Illinois Contractor Classification Premium Adjustment Program (CCPAP). In order to qualify for this credit your Work Comp Mod must be 1.00 or less. AND, this credit can be as high as 40% which can be the difference in your bottom line for securing new business.
It's important to understand that controlling your long term costs take more than just getting an Illinois Workers Compensation Insurance quote at your policies renewal every year. If you're struggling with your mod and would like to learn more on how to control it - give me a call. Contact Info Link