NCCI published this booklet to help explain experience rating and how it affects worker's compensation costs. NCCI’s Experience Rating Plan Manual for Workers Compensation and Employers Liability Insurance (“Plan”) is an integral part of the final cost of workers compensation. It is a method for tailoring the cost of insurance to the characteristics of an employer or risk. It gives the employer the incentive to manage its own costs through measurable and meaningful cost saving programs.
ABC's of Experience Rating