Business Insurance

When You Have Special Risks, You Need a Special Advisor.

Today’s business owners face manifold risks, from simple property losses to complex general, professional, management, cyber, and employment practices liability claims. DiNicola Insurance Services offers a full complement of coverages to protect your business and employees—protection that can be tailored to meet your specific needs.

Insurance Products Include:

Commercial Auto Insurance

Commercial Property Insurance

Crime Insurance

Cyber Liability Insurance

Errors & Omissions Insurance

General Liability Insurance

Management Liability Insurance

Workers' Compensation Insurance

Your Experience Mod: What Story Does It Tell?

For many employers, workers’ compensation insurance is all about one number—the premium quoted. Understandably, employers want to pay the lowest amount possible on this mandatory coverage. The amount you pay for workers' compensation premiums is based on a rating of your loss history called the experience modification factor, or mod. Understanding your company’s mod and the data used to obtain it helps you identify ways to minimize your workers’ compensation premium.

Who Calculates the Mod Factor?

Most states use the National Council on Compensation Insurance (NCCI) to collect data and calculate the experience modification factor. The NCCI is a private corporation funded by member insurance companies. The remaining states either operate an independent workers’ compensation bureau or have set aside a state fund for workers’ compensation. These states may or may not use the NCCI’s classification system to determine experience modification factors.

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