Cravens Warren

Serving the risk management and commercial insurance needs of business. Cravens Warren, founded in 1946, has been serving the insurance needs of... read more

Contact Info
  • 10011 West Gulf Bank
    Houston, TX 77040
  • Phone (888) 296-1380
    Fax (713) 690-6020
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Oil & Gas Insurance

How is my Oil & Gas Experience Modifier calculated?

Losses are compared to the payroll for each class code.  Each company is generally assigned one governing code. Exceptions to that code are Clerical, Outside Sales, and Executive Officers. Each code has a rate that reflects the amount of loss dollars expected over time for that work.  Clerical Workers’ Compensation rates are therefore very low while roofers rates are very high.

The Experience Modifier calculation is changing to include larger losses in the “frequency” portion of the calculation. These fully includable, small claims, have recently increased to $15,500.   This change took effect on 7-1-2015 in Texas.