Getting Ohio workers’ comp coverage

On the home page of www.bwc.ohio.gov, select Apply for Coverage.  Read New/Start-up business in Ohio and then click the link.  Read Application for Ohio Workers’ Compensation Coverage (U-3).  Click on each of the links to read about various aspects of starting coverage, like Grow Ohio which enables new policies to qualify for group rating.  Use […]

Nominate this blog, please

If you have found the information on Ohio workers’ compensation helpful, please nominate this blog for Best 2016 Workers’ Compensation Blogs as Regional/State Specific here:  <a href=”http://www.workerscompensation.com/workers_comp_best_blogs.php”><img src=”http://www.workerscompensation.com/images/bestblogs/wc-best-blog-nomination-badge.jpg”></a> Bragging rights would be so much fun!

2016 payroll minimum and maximum for officers, partners, sole proprietors

Ohio workers compensation premiums are calculated based on payroll.  For payroll earned and reported in 2016, the minimum for corporate officers, and partners & sole proprietors who have elected coverage, is $443.00 per week. The 2016 maximum for officers, partners, and sole proprietors is $1,328.00 weekly. You must report the actual payroll if it is […]

Pay Ohio BWC premium installment before 12/31/15

If your company pays its Ohio workers’ compensation premium every month or every other month, your next premium payment is due by 5 PM on Thursday December 31. Do not wait until then to make your payment.  The BWC will probably be operating with a skeleton crew because of the holiday weekend and there may not […]

Ohio BWC invoices need to be fixed now

Invoices sent to Ohio employers make no sense.  They have never been very clear, and now with installment payments & transition credits & security deposit credits they are even more confusing.  Sometimes BWC personnel have difficulty untangling what policyholders owe or are owed. A client just received an invoice dated 10/23/15 that indicated he owed […]

Help! BWC invoice is confusing

If you recently received an invoice from the BWC, here’s what you are probably seeing: The Current Activity Detail page starts with Installment.  This is the amount your company owes for its next premium payment.  This amount probably matches the Invoice /Statement page. Payroll Adjustment is the premium that was due for the first half […]

My group discount is the maximum, so why get other offers for next year?

If your experience modifier (EM) is 47, you are getting the maximum group rating discount.  Why bother getting other offers for the 7/1/16 policy year?  Here are some scenarios: No claims:  If you haven’t had any claims, your company should still be eligible for the maximum discount.  But other group TPAs might offer a lower […]

Group rating “open enrollment”

Here’s what your TPA should be discussing with you: Group rating this year and group rating next year: Make sure you get a fresh offer every year, not just a renewal invoice.  If you pay the renewal invoice and then decide to go with another group, you have to ask for a refund – and […]

2015 Minimum/maximum for officers, partners & sole proprietors

Partners in a partnership and sole proprietors who have elected coverage for themselves, and officers of a corporation are required to report compensation between a minimum and maximum weekly amount that changes every year. For 2015, the minimum is $431 per week which is $ 11,206 for the first six months of 2015.  The maximum […]

Sneaky Group Rating Sales Tactics

Actual scripts for Ohio group rating phone calls: “I just want to verify your address…  Now is this where I should send your free group rating quote?” “Send me your other offers and I’ll tell you which one is the best.” “You need to sign up now because our deadline is August 31.” “We’ve extended our […]