Experience Modification Rate (EMR) is a numerical value assigned to you by your insurance carrier. This rate is calculated based on a standardized formula and correlates directly to prior loss performance. EMR represents a company’s claims history and safety record as compared to other companies in the same industry. An insurance provider, or broker, will typically provide your EMR via a letter in a format similar to the following
For this section, please be sure to provide your EMR history at least up to the number of years required by the company who invited you to TradeTapp.
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