Industry Education Videos

Industry Education Videos

Experience Rating: New Formula Explained (effective 10/1/2022)


An explanation of the new experience rating formula, its concepts, and a demonstration of how the formula is applied.

Experience Rating: Introduction


A high-level explanation of the Rating Board’s experience rating program, and how it impacts employers’ workers’ compensation insurance premiums.

CPAP


An explanation of the Rating Board’s Construction Classification Premium Adjustment Program (CPAP), and how it impacts employers’ workers’ compensation premiums.

Premium Algorithm


A high-level explanation of the Rating Board’s premium algorithm, and how the premium for employers’ workers’ compensation policies is determined by it.