05/31/2024
BWC eNews Update
The true-up online report will be available on July 1, 2024. At the end of the policy year, we must ensure the estimated premium we set for you was correct. To do this, you must file a true-up report that reflects the actual payroll for that policy year. You must complete the report online using the payroll true-up report service offering by Aug. 15, 2024.
If your true-up exceeds the estimated payroll you'll owe additional premium. If your true-up payroll is less than your estimated payroll, you'll receive a premium credit.
New this year! If you have reported zero payroll and no employees in the past, we may waive true-up reporting. You will be notified if you are eligible for this waiver. If you continue to have no employees, you are not required to submit a true-up report for the policy year beginning July 1, 2023. We will complete the true-up report on your behalf and report $0 in payroll.
Private employers, you will receive your first invoice for the 2024 policy year in June. Your first installment is due by June 21, 2024. However, you have the option to receive a 2% discount by paying the full 12-month estimated annual premium on or before July 1, 2024. You can find details about our early payment discount at: Private employer early payment discount | Bureau of Workers' Compensation (ohio.gov)
Each state has different laws and requirements for workers’ compensation coverage. Consider which states your employees work and make sure they have proper coverage.
We have many resources to help you work through requirements for workers’ compensation outside of Ohio. We also work with a private insurer to offer optional coverage to eligible employers with out-of-state exposures. Through our Other States Coverage program employers can secure coverage nationwide in 46 states.
If you do business outside Ohio, please contact our Other States Coverage unit to discuss options. We want your business to have proper coverage upfront so you can avoid coverage issues and focus on having a safe and successful summer.
If you have any questions send us an email at BWCotherstatescoverage@bwc.ohio.gov.
News Briefs
Employer Program application deadline
Private employers:
Group third party administrators (TPAs):
- Interested in forming groups for the Group-Experience-Rating Program must submit rosters, completed Applications for Group-Experience Rating (AC-24s), and completed Employer Statements for Group-Experience Rating (AC-26s) for the public employer program year beginning Jan. 1, 2025. Rosters and required forms must be submitted to BWC’s secure FTP site by the close of business May 31.
- Employers with questions should contact their group sponsor or TPA before the BWC application deadline.
Important dates
June 4: In-person Training - Violence in the Workplace. More info online.
June 4: Webinar: If you have not measured it, did it happen? Tips for measuring safety performance. More info online.
June 11: In-person Training - Lockout/Tagout and Safety-related Work Practices. More info online.
June 18: Virtual Training- Accident Analysis Half-day Workshop. More info online.
June 21: Private employer first installment due. More info online.
July 1: Private employer payroll true-up period. More info online.
May edition of the Safety Update
Check out the latest news from safety and health experts from BWC, NIOSH, and OSHA.
Ohio Bureau of Workers’ Compensation
Vision: To transform BWC into an agile organization driven by customer success.
Mission: To deliver consistently excellent experiences for each BWC customer every day. Core Values: One Agency, Personal Connection, Innovative Leadership, Relentless Excellence.
Established in 1912, the Ohio Bureau of Workers’ Compensation is the exclusive provider of workers’ compensation insurance in Ohio, serving 257,000 public and private employers. With nearly 1,600 employees and assets of approximately $22 billion, BWC is one of the largest state-run insurance systems in the United States. For more, visit bwc.ohio.gov.
