Your mod is a multiplier (for those policies that use a mod). If your mod goes up or down, so does your premium.
Example: If your subject premium is calculated at $100,000 x's a mod of a 1.25= $125,000
If you had our forensic review performed and we found an error that dropped your mod from a 1.25 to a 1.15. That would be a 10% drop, a return premium of $12,500.00
Let's take this a step further, what if we found issues on more than one of your ten to twelve policies that we review?
Refunds add up quickly!