Does the experience mod apply to both GL quotes?

No. The WC experience mod applies only to the workers' compensation base premium. That modified WC cost is then added to each GL quote separately to calculate the total annual cost for each package.

What if my WC mod is below 1.0?

An experience mod below 1.0 means you pay less than the base WC premium because your claims history is better than average. The calculator multiplies your base premium by the mod, so a 0.85 mod on an $8,500 base yields $7,225 in WC cost.

Should I always pick the lower total?

The lower total is usually the better deal, but check coverage limits, deductibles, and exclusions in each policy. A $500 annual savings means little if one quote has a $10,000 higher deductible or excludes a risk you face regularly.

Insurance Comparison

Cheap premium with a bad mod is not cheap.

Inputs

GL premium A ($/yr)

GL premium B ($/yr)

WC experience mod

WC base premium ($/yr)

Compare two general liability quotes side by side while factoring in your workers' compensation experience modifier. The calculator applies your WC mod to the base premium and adds it to each GL quote to show which package costs less.

Instruction

Enter the annual premium for GL premium A and GL premium B.
Set your WC experience mod (typically 0.75 to 1.50).
Read which quote delivers the lower combined total.

Worked example

Quote A offers GL at $4,200 per year, Quote B at $3,800, your WC base premium is $8,500, and your experience mod is 1.0.

Workers' comp comes to $8,500 after applying the mod, making total A $12,700 and total B $12,300, so Quote B is recommended.

Questions operators ask

Does the experience mod apply to both GL quotes?: No. The WC experience mod applies only to the workers' compensation base premium. That modified WC cost is then added to each GL quote separately to calculate the total annual cost for each package.
What if my WC mod is below 1.0?: An experience mod below 1.0 means you pay less than the base WC premium because your claims history is better than average. The calculator multiplies your base premium by the mod, so a 0.85 mod on an $8,500 base yields $7,225 in WC cost.
Should I always pick the lower total?: The lower total is usually the better deal, but check coverage limits, deductibles, and exclusions in each policy. A $500 annual savings means little if one quote has a $10,000 higher deductible or excludes a risk you face regularly.