In this webinar members will gain an understanding of Experience Modification Rate or EMR. After learning all the components of EMR members will find value in understanding exactly how it works. Charlie Perrecone a Risk Management Consultant at Marsh McLennan Agency will cover the following in this webinar.

• Overview of the NCCI (National Council on Compensation Insurance) that promulgates the experience mod
• Lowest possible EMR's & highest possible EMR's for contractors
• Define and show how expected losses and actual losses are calculated
• How OCIP's (Owner-Controlled Insurance Program) change your EMR
• Common places that mistakes are made from the NCCI
• Historical overview of why EMR's have gone up in the last 10 years
• Recent changes the NCCI has made in the last 2 years and how it affects our contractors
• Illinois Contractors Credit – comparison to other state