New BWC Program Could Rebate $2K in Premiums
COLUMBUS, Ohio — The Ohio Bureau of Workers’ Compensation is offering a new program for small employers — Policy Activity Rebate — that’s designed to lower their premiums and increase worker health and safety.
Under the program, employers earn credits for completing activities designed to improve workplace safety practices and encourage attentive management of their workers’ comp policies. Employers receive a 50% premium rebate, up to $2,000. To be eligible for the rebate, they must select from among 33 available activities and earn 11 credits during the policy year that begins July 1.
“Even small employers can save money and improve workplace safety by better understanding Ohio’s workers’ compensation system,” said Kevin Abrams, BWC’s chief operating officer. “PAR offers a flexible alternative for smaller employers to improve safety and become more engaged in their risk management programs.”
Private employers can now sign up for the program. Public employers can begin signing up Dec. 1.
Employers have a variety of options, including attending safety training, bringing an employee back to work on light or modified duty and enrolling employees in BWC’s wellness program.
Public and private employers of any size can participate but must have an Experience Modifier of at least 1.0, which is a measurement of an employer’s risk compared to the average risk of like employers.
SOURCE: Ohio Bureau of Workers’ Compensation.
Copyright 2022 The Business Journal, Youngstown, Ohio.