When you’re trying to place a client with a high experience mod (ex-mod) score, the list of workers’ comp carriers willing to take the risk shrinks fast. Standard markets often shy away and assigned risk pools don’t always deliver the service or pricing your client needs.
So where do you turn to find the best workers’ comp carriers for high-mod clients?
Here’s what to look for in the best workers’ comp carriers for high mod clients, and why more brokers are turning to Foresight to serve clients others won’t touch.
What Is a High Mod, and Why Does It Matter?
A high experience modification rate (mod) means your client has had more claims, or more severe ones, than their industry average. Most insurers see that as a red flag.
Typical issues for high mod clients:
- Poor loss history
- Lapses in coverage
- Limited or no safety programs in place
- Operating in higher-risk industries like construction, agriculture, or manufacturing
These businesses often end up in assigned risk, paying sky-high premiums with little support to actually fix the problem.
What to Look for in a Carrier for High Mod Clients
Not all carriers are equipped (or willing) to help these clients. The best ones offer:
1. Appetite for Higher Risk
You need a carrier that understands the industry and is comfortable underwriting higher ex-mods, not just “preferred” accounts.
2. Safety Support Built In
Reducing a client’s ex-mod starts with reducing claims. The best carriers offer proactive safety tools that help businesses prevent injuries before they happen.
3. Tech + Human Guidance
Digital tools are great, but high ex-mod clients often need hands-on help. Look for carriers who offer:
- Mobile safety apps
- Onboarding support
- Access to real safety experts
4. Ex-Mod Improvement Strategy
It’s not enough to insure the risk. The right partner should help your client lower their ex-mod over time, which leads to lower premiums and a competitive edge in their field.
Why Brokers Recommend Foresight for High Mod Clients
At Foresight, not only do we specialize in helping brokers place tough accounts, but we’re also committed to helping their clients get safer.
Here’s how we stand out:
- High Ex-Mod Appetite: We actively write business in construction, ag, manufacturing, and more with high ex-mods.
- Built-In Safety Program: Every policy includes access to Safesite, a mobile-first safety platform proven to reduce incident frequency.
- Real People, Real Help: Each client gets a dedicated safety success manager to build habits, track improvements, and stay compliant.
- Proven Results: Our policyholders have seen a 17% reduction in claims frequency*—and many lower their mod within the policy term. *17% average claims frequency reduction based on August 2023 actuarial study
Common Industries We Serve
We’re a great fit for:
- General & Specialty Contractors
- Agricultural Producers & Packers
- Manufacturing & Fabrication
- Auto Services
- Lawn Care & Landscaping
- Wholesale
- Janitorial
- Equipment Dealers
- Insect Pest Control
- And much more
Final Thoughts
Your high ex-mod clients don’t just need coverage; they need a plan. The best workers’ comp carriers for high ex-mod clients don’t shy away from risk. They lean into it with the right tools, support, and vision.
Foresight helps you protect your clients truly needing help and turn risky accounts into long-term wins.
