Low down payments, no estimates & easy end of year audits are some of the benefits associated with pay as you go workers' compensation.
Your experience modification (x-mod) can positively or negatively affect your business’ workers’ compensation premium. A “normal” x-mod is 1.00 anything over that (e.g., 1.50) leads to increased premium; anything lower than 1.00 (e.g., 0.78) leads to a discounted premium.
For OSHA reporting, many employers with a total of 10 employees or more (at any time during the last year), are required to keep and post OSHA summaries. There are some partially exempt industries, however.