D. C. Taylor Co. Reports Below-Average EMR
CEDAR RAPIDS, IA (April 3, 2014) – D. C. Taylor Co. is proud to announce that the company’s current Experience Modification Ratio (EMR) for the policy year starting April 1, 2014, and ending March 31, 2015, is 0.58. The National Council on Compensation Insurance, Inc. (NCCI) issued the company’s EMR in late March.
“This really is outstanding compared to roofers across the country. A rating of 1.00 is the average,” says Philip J. Suess, Senior Vice President, Treasurer, and Corporate Secretary, D. C. Taylor Co., Cedar Rapids, IA. This is the fourth year in a row that the company’s EMR has dropped, down from 0.69 last year.
Developed by the insurance industry to determine premiums for workers’ compensation insurance, EMR is considered a good indicator of a contractor’s past safety record. A calculation predicts the amount of anticipated losses to be paid by the contractor in a designated rating period, taking into account a number of variables. When the expected losses are compared to the actual losses, an experience rating results. A lower EMR indicates that D. C. Taylor Co. had fewer and/or less serious incidents than what was expected.
About D. C. Taylor Co.
D. C. Taylor Co. is a Cedar Rapids, IA-based roofing contractor with more than 60 years of experience installing, repairing, and maintaining roofs at commercial, institutional, and industrial facilities. With service centers in six states and more than 60 service and roofing crews, D. C. Taylor Co. is poised to respond to customer needs quickly and efficiently. For more information on D. C. Taylor Co., visit www.dctaylorco.com.