Important BWC letter coming soon

Watch for the annual letter from the BWC advising of your Estimated Annual Premium (EAP).  The last page is your coverage certificate, which you must post with your other employment posters. Page 3 is the information personalized to your company.  Review the Installment schedule.  Would your cash flow be better with more or fewer installments?  […]

Installment adjustments after true up

If the true up payroll you reported to the BWC this summer was significantly different from your payroll in the 2017-18 policy year, be prepared for the BWC to adjust this year’s Estimated Annual Premium (EAP) and installment payment amounts to match your true up payroll in the 2018-19 policy year. If last year’s payroll […]

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 […]

Why resist a good employee’s treatment requests?

A good employee was rear-ended while driving a company truck.  The BWC denied the claim, so the employer appealed and went to hearing to get the claim allowed.  The employee did not miss any time from work, and continued to work full duty.  After some physical therapy, the employee selected a chiropractor to be his […]

When paying a little is still too much

My daughter signed up for workers’ comp coverage because she is working as spot labor for a number of people this summer and she wanted to be covered in case she got hurt.  Even before the BWC assigned a policy number, she got a solicitation from a group TPA offering to get her into group […]

Failure to pay workers’ comp results in business being shut down

On 7/25/11, I wrote about a company that had let its coverage lapse in 2006.  Since then, 22 claims have been filed including one death claim.  The business now owes almost $700,000 in premiums, penalties, interest, and claims costs.