Six Ways to Help Reduce Your Mod and Premium Costs

Safety Consulting

After five years of coverage with Summit, policyholders experience an average mod reduction of 6%, with incremental improvements throughout that period.*

Our team of safety experts will work with you to analyze your past claims, identify any current hazards, and train your people to help prevent future accidents. Fewer claims can mean lower experience mods, which translates to lower premiums. 

Claims Management

We have 35% fewer open claims than the industry 18 months after the accident occurred.*

Our adjusters know that getting injured employees the right care, right away, keeps morale high and costs low. We also work with a network of providers and pharmacies to keep quality high and costs low.

Provider Network Fees

In 2024, $7.7 million of provider network and medical management fees were not charged to Summit policyholders.*

Fees for access to provider networks are an industry norm—except at Summit. Many workers’ comp companies spread the costs associated with medical provider networks to all policyholders. Most of our competitors lump those fees into dividend calculations and retrospective rating returns, and their policyholders pay the price. We do no such thing. 

Medical Cost Review

Summit generates average savings of 67% off the billed amount of medical invoices through a combination of using network providers, cost containment services, and state fee schedules.*

This meticulous monitoring and analysis of medical expenses for injured employees ultimately creates savings for policyholders and contributes to their mod reductions over time.  

Back2work® Program

When your employee is back at work, even in a limited capacity, lost-wage costs will be lower, which will decrease the total claim cost. Summit’s pioneering Back2work program guides you through the process, eliminating the guess work of transitional duty.

Getting injured employees back on the job as soon as they are able is an industry-proven way to lower costs by eliminating lost-wage payments and reducing the chance of litigation exposure. Lower claims costs can lower your mod and help you save on your premium. 

Premium Audits

Misclassifying employees who you hire or reassign during the year can cost you, especially if one gets hurt. 

Did you know that many of our policyholders actually end up saving money because of our annual audit? We help keep your payroll data as accurately as possible to prevent major costs down the road.