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S P R I N G  2 0 2 4
CompNotes

Annual reminders for private employers

Premium installments
To receive and maintain workers' compensation coverage, employers must pay premiums timely to the Ohio Bureau of Workers’ Compensation (BWC).

To remain eligible for BWC program discounts, to receive program rebates, and to avoid penalties here are some important reminders.

By May 1st, BWC will mail 2024 estimated annual premium notices along with your installment schedule and certificate of coverage*...

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Client Update | Cost Containment 

Through first quarter 2024:

Disability condition relief (formerly known as handicap reimbursement) estimated premium refunds, savings and increase in group retro refunds of $5,582,444.

Settlements estimated premium savings and increase in group retro refunds:$3,488,699.

Motor Vehicle Accidents (MVA) estimated claim costs charged to surplus fund:$2,795,482
(may not equate to dollar-to-dollar savings - based on total costs at time of MVA surplus approval)

Client Update | Public Employer Group Retro Refund 

Sedgwick is pleased to announce our public employer clients participating in a Sedgwick-administered group retrospective rating program recently received from the Ohio Bureau of Workers' Compensation $8.7 million in premium refunds.

 

Severe weather impact on BWC account

Has your business been affected by severe weather this year?  If this has impacted your ability to stay up-to-date with the Ohio Bureau of Workers’ Compensation (BWC), please let us know.  BWC would like to find ways to work with you so that your account stays in compliance. Contact your Sedgwick client service representative at 800.825.6755.

Also in this issue

Workers' compensation

BWC rebate programs  >
Annual reminders private employers >
BWC rates  >
Hearing services update >


Safety

PPE assessment >
PERRP log update for
public employers >

Unemployment compensation

Unemployment webinars >






Managed care

Communication and planning >

Employer
spotlight

City of Steubenville >






Training

Workers’ comp  >
Safety >

For more news and information, connect with us!

P  800.825.6755  |  F  866.567.9380

sedgwick.com/ohiotpa

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