The Anatomy of Sticker Shock: A 20-Point Mod Increase Compounded by a $40,000 Workers’ Comp Premium Increase0

• Best Practices, Insurance, Safety
• June 26, 2023

By Bob Tuman, CCR Safety Consulting Dan, the owner of a large union painting contracting firm, called me- baffled and angry about the 20 point “mod” increase (from .74 to .94) and the resulting $40,000 increase in his workers’ compensation premium- from $200,000 to $240,000. “How am I going to explain this to General Contractors?”