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HODHARGETT <br />PATRIOT PARTNER AGENCY <br />January 2, 2026 <br />To Whom It May Concern, <br />Effective 9/1/2025, 8MSolar LLC was assigned an experience modifier of 1.22 by the North Carolina Rate Bureau. <br />As you might be aware, the experience mod is promulgated based on a formula that captures both payroll and <br />loss data for the purpose of providing an indication of how the business has performed over a three-year period. <br />I am writing to confirm that 8MSolar LLC, a valued client of Hood Hargett, remains fully committed to <br />maintaining the highest standards of workplace safety. Despite the current Workers Compensation Experience <br />Modification Rate (EMR) that is higher than 1.00, they continue to prioritize and implement rigorous safety <br />protocols designed to ensure the wellbeing of their employees. <br />8MSolar has only had one Workers Compensation claim in the last four years. The question arises - with such a <br />low injury rate, why is the Experience Modification a 1.22? <br />The answer is that the majority of their installations are subcontracted and therefore they have low payroll <br />amounts for their employees who oversee the installations. The low payroll figures lead to lower expected losses <br />regarding claims. In 2023, an employee sustained an injury that led to a claim costing $31,804. It was a fluke <br />incident but since it was higher than expected, it caused their E-mod to spike. <br />It is worth noting that their experience modification has been 1.00 or lower since I have advised them over nearly <br />five years. In 2024-2025, the factor was .90. <br />8MSolar's safety practices are aligned with industry's best practices and they invest considerable resources in <br />ongoing safety training, equipment maintenance, and risk mitigation strategies. We trust that you will agree that <br />8MSolar has an exemplary safety record and the recent change in mod will not be an obstacle to your <br />organization working with this best-in-class contractor. <br />Sincerely, <br />alufaynes <br />Alex Haynes <br />Commercial Insurance Advisor <br />704-602-9533 <br />alex@hoodhargett.com <br />Docusign Envelope ID: 44C13555-A1DE-83DE-8008-D9A38861DC35