Workers Compensation

 At Cornerstone Insurance Agency, we work hard to provide our clients with the right workers compensation coverage to keep their business, and their employees protected. In the state of Utah, if a company has employees, then it is required that they have workers compensation insurance. The state regulates this and will charge hefty fines to businesses if they do not have this coverage. 

As an independent agency, we have the freedom to establish relationships with some of the nation’s top rated insurance providers. 

Many people ask about their Experience Modification Factor, also known as an “E-Mod.” This number can heavily influence the pricing for a workers compensation policy. The National Council on Compensation Insurance calculates the E-Mod for every qualified entity and takes the amount of payroll, number of claims, and total premium paid into consideration. A poor E-Mod could make your premium extremely high, and can make or break a business of any size. 

Companies that take care of their employees by having good safety programs, get rewarded with a low E-Mod. Our goal is to be proactive and provide the right plan to protect your business and keep your E-Mod as low as possible.