Insurance terms glossary.
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Schedule Modification

"A schedule modification allows insurance companies to adjust premium using credits and debits related to your unique business operations. Each insurance company files a schedule with the Department of Insurance and each plan is different so each quote is different.For example, some credits can be applied for automated work environment or safety officer on staff and some debits can be applied for poor management commitment to safety, hazardous machinery, untrained workforce, etc. "
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