Make sure you get your billion back dividend

Follow these tips to give your company its best chance to get the next Billion Back dividend, which is based on 100% of the premium you paid 7/1/19-6/30/20.  The BWC will use one survey date to determine which companies will get the dividend; the survey date is not publicized. Make sure you have completed your […]

Ohio BWC promotes safety for Ohio workers

The BWC has just announced that it is sending at least 50 non-medical-grade face coverings to each public and private employer that has coverage with the Ohio Bureau of Workers’ Compensation. The cost of these coverings will not impact a company’s premium rates. This is another example of the Ohio BWC commitment to the health […]

TRUE-UP TIPS FOR OHIO BWC

Every Ohio employer with Ohio coverage must “True-up” between July 1 and August 15, 2017. The premium you have paid was based on estimated payroll and now you must report your actual payroll from July 1, 2016 and June 30, 2017. REQUIRED ELEMENTS Total payroll for each manual classification between July 1, 2016 and June 30, […]

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 […]

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 […]

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 […]

BWC Audit Basics

What is the auditor looking for? Are the payroll numbers reported to ODJFS (unemployment comp) and the IRS the same as the payroll numbers reported to the BWC? Are the manuals assigned to the employer correct? Does the employer need additional classifications? Is each employee’s payroll reported under the correct classification? Has the construction workers […]

Create an e-account on the BWC website

To pay your premiums online and take full advantage of the information on the BWC website, you must create an e-account.  You will need to create an ID and a password.  There will not be any secret questions. Normally, when I give instructions for navigating the BWC website, I walk through the steps as I […]