LONG BRANCH, N.J., Aug. 4, 2015 /PRNewswire/ — J.F. Kiely Construction Co., a leading utility construction company headquartered in Long Branch, New Jersey, spends thousands of man hours annually to educate its employees on the importance of working safely and proudly reports a record low Experience Modification Rating (EMR) of 0.592 from the New Jersey Compensation Rating and Inspection Bureau for its efforts.
"Lowering our EMR is a direct result of many hard working and dedicated employees," said John M. Kiely, President of J.F. Kiely Construction Co. "We continue to foster a behavioral based safety culture that ensures the health and welfare of our employees and stakeholders remain a top priority," Kiely continued.
About the Experience Modification Rating:
The experience modification rating (e-mod) is a term used in the American insurance business and more specifically in workers' compensation insurance. The e-mod represents either a credit or debit that is applied to the premium before discounts. If your company's loss experience is more costly on the average than other company's loss experience in your industry, the result is a debit e-mod, or surcharge on premiums. If your company's experience is less costly than the industry average, you will receive a credit e-mod, or discount, on your premium. Usually three years of loss experience are used to determine the experience modifier for a workers' compensation policy. The three years typically do not include the immediate past year, but the three prior.
About J.F. Kiely Construction Co.:
J.F. Kiely Construction Co. is a turnkey provider of underground utility installations including gas, water, sewer and electric. Established in 1952, J.F. Kiely Construction Co. performs work for public utility companies, municipalities and private contractors throughout New Jersey and Pennsylvania.
For more information about J.F. Kiely Construction Co. please visit http://www.JFKIELY.com or contact James M. Pagano at (732) 222-4400.
Contact:
James M. Pagano
Director of Business Development
J.F. Kiely Group
www.JFKIELY.com
732-222-4400 – Telephone
732-229-2353 – Fax