XYZ Contractors MOD Rate in 2004 = .

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Classification Description Code Payroll Base Rate/Premium Adjusted Rate/Prem
Concrete - Floor/Driveway 5221 $500,000 $1.26/$63,000 $.88/ $44,000
Carpentry - Multiple Family Dwel. 5651 $500,000 $3.97/$198,500 $2.78/$139,000
$261,500 $183,000

Adjusted Premium = $261,500 - $78,500 = $183,000

Wow! If you reduce your MOD Rate from 1.3 to

.7, total savings will be $157,000. That’s $3.14
million in business volume saved!

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