ASA Safety Summit Recap: Why Sydney Sweeney's EMR is the Talk of the Town

Adams Insurance Service recently presented at the ASA Safety Summit, and we're still buzzing from the excitement! Andy Adams, President, John Prince, Executive Vice President, and Cale Gottschalk, VP of Commercial Lines Marketing, took the stage to dive into the world of Experience Modification Rates (EMRs) and what sets some apart from others - like Sydney Sweeney! You might be wondering what makes Sydney Sweeney’s EMR so special. Is it because she’s a Hollywood star and somehow ‘born’ with a great EMR? What's the secret to her success?

Spoiler alert: it's not just luck. 

So why is Sydney Sweeney's EMR so great when yours is average? Is this really fair? Does an EMR matter? Are some companies just born with great EMRs? We answered these burning questions and more during our presentation. 

Our team explored the ins and outs of EMRs, including how they're calculated and what factors impact them. Did you know that your Experience Modification Rate compares your safety experience to industry peers over a 3-year period? It's a complex calculation, and there are several factors that can affect your EMR, including CIP losses, payroll reporting, and modifier creep. For example, "gaming" payroll can drive up your EMR, and inaccurate data can lead to incorrect calculations. Plus, EMRs might not be as fair a measure of safety as you think, with potential issues like delayed reflections of safety program changes. 

So, what can you do to improve your EMR and stay competitive? At Adams Insurance Service, our team of experts is here to help you navigate the complexities of EMRs and work towards a better rating. We can help you understand how EMRs are calculated, identify areas for improvement, and provide guidance on maintaining a strong safety program. 

Whether you're looking to reduce your modifier or simply understand the process better, we've got you covered.  

So, what's the secret to having an EMR like Sydney Sweeney's? It's not just luck – it's having the right expertise on your side. Reach out to Adams Insurance Service today at www.adamsinsurance.com to learn more about how we can help you achieve your goals.