Ohio operates a monopolistic workers' compensation system. Established in 1912, the Ohio Bureau of Workers' Compensation (BWC) has helped employers and employees deal with workplace injuries by providing medical and compensation benefits for work-related injuries, diseases and deaths. With more than $22 billion in assets, BWC is the largest exclusive state-fund workers' compensation system in the United States and the second largest underwriter of workers' compensation insurance in the country.
Self-insurance is a privilege the Ohio Bureau of Workers' Compensation (BWC) grants to employers that successfully meet certain criteria and properly complete the application process. Once approved, Self-Insured (SI) employers directly pay their claims, assume all liability and administer their own workers’ compensation programs rather than pay premiums into the Ohio State Fund. ProComp has an experienced staff that understands the Self-Insurance process. In addition to administering existing SI programs, we can also help determine the financial feasibility of implementing an SI program and then develop a strategy to achieve BWC approval and provide future administration.
ProComp Risk Advisors assists employers in obtaining significant discounts off their Ohio workers' compensation premiums. Ohio Group Rating allows employers of similar industries to join together and achieve discounted premiums. Currently the State of Ohio offers group discounts up 53%. As you can imagine, paying only 47% of your premiums would give your company an overwhelming advantage over your competition.
Unemployment claims can significantly increase the amount of your tax rate. State regulations are complex and oftentimes confusing making it difficult for employers to manage their unemployment programs alone. If you are unsure if your unemployment cost control program is addressing all the components of claim, benefit, and tax management, please contact ProComp Risk Advisors and we will provide your company with a free program review.
A growing demand exists in the work place for professional safety services at a competitive cost. ProComp's safety consulting team will fill that demand. With extensive experience in the workplace, we offer a unique perspective to help you solve your compliance needs, whether they are Workers' Compensation related, OSHA Requirements, or alternative rating programs such as Drug Free Workplace and Premium Discount Programs.
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