The Bureau of Workers’ Compensation (BWC) moved to a form of billing where employers pay their premiums upfront, rather than after a coverage period. This transition will lower base charges, give employers more accommodating payment choices, and allow employers to better predict their workers’ compensation costs. The BWC provided private and public employers with a one-time credit of $1.2 billion to assist in the switch.
Employers that do not meet the deadline of August 15 to report their actual payroll will be removed from their current rating plan or discount program. This will also increase their costs. So far, only 21% of the employers have completed their reports, leaving only a couple weeks until the deadline.
To quickly and easily complete the filing, visit bwc.ohio.gov. Filing and paying online authorizes eligible companies for a one percent premium rebate up to $2,000. To learn more, visit AssuredPartners NL Property & Casualty or contact an AssuredPartners NL Senior Living Agent.
Source: The Columbus DispatchShare This: