So, what is an ERM-14? ERM-14 stands for Experience Rating Ownership Submission. This form is used to report ownership changes that could impact workers’ compensation experience ratings.
New Electronic ERM-14 Filing System
The National Council on Compensation Insurance (NCCI) has developed an online tool that makes it easier to file ERM-14 forms electronically.
NCCI’s Online Tool
The new tool uses DocuSign, which allows for electronic review, signing, and submission of the form. You can access and change your information before you submit it.
Benefits of Electronic Filing
The new electronic filing system makes the whole process faster, which means ownership changes are reported more quickly.
The guided input and validation features of the new system also reduce errors.
SAIF’s Role in the Process
State Accident Insurance Fund (SAIF) can complete and submit ERM-14 forms for its policyholders.
However, policyholders are still required to notify SAIF of any ownership changes, even if they’re submitting the form themselves through the NCCI portal.
Need help?
It’s important to report any changes in ownership right away. Late or inaccurate filings can cause problems.
If you have questions about the ERM-14 form, you can:
- Contact your underwriter.
- Contact SAIF directly.
- Visit the NCCI website for more information.
In Conclusion
The new electronic filing system makes submitting ERM-14 documents easier and faster.
Remember that reporting ownership changes on time and with accurate information is essential, and support is available if you have questions or need help.