Loss runs
Loss runs are the report your workers' compensation carrier keeps of every claim filed under your policy: the claim number, the date, a description of the injury, and its current value. Your agent or carrier can pull a current set for you, usually covering the three policy years used in your experience rating. Loss runs are the document you compare against your experience rating worksheet to check whether your EMR (experience modification rate) is accurate, because the worksheet shows what the bureau used, and the loss runs show what your actual claims history looks like. The most useful thing to check on a set of loss runs is the status and reserve on every claim still marked open. A claim that's actually finished but still shows open, or a reserve that hasn't been updated since early in the claim, will keep counting against your mod at its old, inflated value until someone catches it. Loss runs should be currently valued, meaning as of a recent date, not an old snapshot, since a stale set won't reflect corrections or closures that have happened since.
See also
Source
- Not a bureau-issued document; loss runs come from your workers' compensation carrier, not from NCCI or a state rating bureau, so no bureau citation applies here.
Is your mod right?
Most contractors have never had the worksheet compared to the loss runs and payroll behind it. See what your mod is costing you, or get on the list for a full verification.