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WISCONSIN EXPERIENCE RATING PLAN MANUAL Effective January 1, 2005, SUMMARY OF CHANGES issued by: Wisconsin Compensation Rating Bureau 20700 Swanson Drive, Suite 100 Waukesha, WI 53186 Contains Materials
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The Wisconsin Experience Rating Plan is a method used by insurance companies to adjust workers' compensation insurance premiums based on the previous claim history of an employer.
All employers in Wisconsin who have workers' compensation insurance are required to participate in the experience rating plan.
Employers can fill out the Wisconsin Experience Rating Plan by providing information on their previous workers' compensation claims, payroll, and other relevant data to their insurance company.
The purpose of the Wisconsin Experience Rating Plan is to help insurance companies determine premiums more accurately by taking into account the previous claims history of an employer.
Information such as the number and cost of previous workers' compensation claims, payroll data, and other relevant information must be reported on the Wisconsin Experience Rating Plan.
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