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Acquiring another business? BWC’s AC-4 form can help prevent business transfer headaches

Published Wednesday, July 15, 2015

Are you acquiring all or part of another business?  Do you know the impacts the purchase can have on your workers' compensation costs?  

When a business is acquired, the purchaser (or successor) inherits the rate and liability of the business it has acquired.  That is because BWC combines the workers’ compensation history (also known as the experience) of the acquired business with the purchaser’s experience to determine the premium rate it charges to the purchaser.

This transfer of experience can have a major impact on the purchaser’s current and future BWC premium rates. It can also jeopardize a purchaser’s ability to participate in certain BWC employer programs and group-rating plans offered by group sponsors.

The BWC wants to help business successors avoid unpleasant surprises when it comes to the workers’ compensation history of a business it may acquire.  At the request of the acquiring business, BWC will provide a limited release of information about the business being acquired. To help facilitate these requests, BWC created the Request for Business Transfer Information (AC-4) form. 

Contact our office if you would like more information or to obtain an AC-4 Form.

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