News and Updates
Category: Premium Savings
Group Rating Enrollment Ends November 15
The clock is ticking on Group Rating enrollment for the 2025 Ohio BWC policy year! The deadline for Group Rating paperwork is November 15, 2024. The Group Rating program provides upfront premium savings for qualified Ohio employers. If you are a Spooner client and are eligible for Group Rating, you should have already received your program renewal from us. If you haven’t, please reach out to your client services manager. If you’d like to receive a quote for Group Rating from Spooner Inc., we can accept requests through Wednesday, November 6. You can complete an authorization online by visiting this page. Keep in mind that waiting this long for a quote means you’d have a maximum of one week to make your decision once you receive it. No one likes feeling rushed, so we’d suggest getting your request in as soon as possible! Not all Ohio employers are eligible for Group Rating, and may want to consider the Group Retrospective program enrolls through January 27th. Usually referred to as Group Retro, employers enrolled in this program will see savings down the road once actual vs. expected losses are measured. For businesses that aren’t eligible for Group Rating, and don’t have the flexibility of waiting to see savings, we’d also encourage you to explore SuretyHR, our self-insured PEO (professional employer organization). SuretyHR is an alternative to being insured by Ohio BWC for workers’ compensation. By creating a
Under 30 Days to Enroll in Group Rating!
We understand that the businesses we serve are dealing with a lot right now - recruiting, attrition, staffing shortages, shipping delays and increasing costs on everything from benefits to raw materials. We can’t fix all of those problems for you, but we can make the process of saving money on BWC premiums a lot easier than it’s been in the past. Instead of completing hardcopies and mailing or emailing them to us, Spooner clients that completed Group Rating forms with us last year (and would like to remain in that program) can now complete their Group Rating renewal on our website. If we have any questions or concerns about your answers, we’ll reach out to the person that completed the form. Enrollment ends on 11/11! If you're not a Spooner client and would like us to provide your comany a quote on Group Rating, click the "Free Quote" link at the top of our page, and complete the form by
Safety Council Program Update
Ohio BWC’s Safety Council Rebate Program will remain suspended for the 2021 policy year (7/1/21-6/30/22). While many safety councils are still hosting web-based meetings each month, no rebates will be paid. This means attendance is not mandatory, but Spooner still urges its clients to participate in safety council events to stay educated and use the info to help reduce incidents. • All meetings will continue to be virtual • There will be no semi-annual reports collected in 2021 • BWC will host two virtual statewide safety council meetings • No rebates will be paid While the Safety Council Rebate is unavailable in the coming year, there are other cost-saving programs available through BWC that may be worth exploring. Substance Use Recovery and Workplace Safety Program – A reimbursement program for substance use policy development, training and drug testing (currently available in participating counties but soon to rollout statewide) Better You, Better Ohio! – A health and wellness program where employees can earn incentives Policy Activity Rebate (PAR) - A customizable plan that allows employers to earn a rebate. Employers enrolled in Group Rating, Group Retro, Individual Retro and Deductible program are not eligible for
