08/30/2022
Workers' Comp & Safety
Premium savings for OWMA members
Workers’ Compensation Solutions for OWMA Members
Joining a group rating program is the best way for Ohio employers to significantly lower their Ohio workers’ compensation premiums. With the expertise and experience of Sedgwick, the Ohio Wholesale Marketers Association is able to offer a multi-tiered group rating program with the highest possible discounts allowed by the Ohio Bureau of Workers’ Compensation (BWC).
Two savings program opportunities, based on your company's claims experience ...
- Group Rating enables state-funded employers with better than average claim histories to combine claim expenses and rate calculations to take advantage of premium savings currently reserved for larger employers. By participating in group rating, employers enjoy a much lower premium than could be attained on their own. Savings generally range from 20% of premium to the maximum discount allowed by the BWC each year. Read more HERE.
- Group Retrospective Rating is a voluntary performance-based program designed to reward participants that are able to keep their claim costs below a predetermined amount. Employers continue to pay their individual premium; however, they have the opportunity to receive retrospective premium adjustments (refunds or assessments) at the end of each of the three evaluation periods. Group Retro is not for every employer. Employers may be assessed additional premium if they are not committed to improving workplace safety and accident prevention and/or do not take appropriate action to reduce the frequency and severity of accidents involving their employees. Read more HERE.
Get started today with your free, no obligation evaluation ...
Use the links below to access the AC-3 Form and see how Sedgwick, our exclusively endorsed vendor, can save you money and help with the complexities of workers’ compensation.
Why partner with Sedgwick?
Personalized service ι By imbedding colleagues strategically throughout the state, Sedgwick has established a stronger local presence and model for service excellence. Their team is able to respond quickly to service needs, as well as create operational efficiency.
Industry expertise ι Sedgwick's qualified team of colleagues provide expertise that is unmatched within the industry. The foundation of our staffing model results in the most experienced management team and staff in Ohio.
Claims management and hearing representation ι Sedgwick representatives go beyond simple claims management to provide a consultative approach to strategies that will ensure compliance while improving efficiencies, outcomes and overall results.
Lower rates ι Understanding your experience modifier (EM) is key in reducing your workers’ compensation costs and measuring how your loss prevention and cost control practices stack up against the state average, as well as others in the industry.
julia.bowlingl@sedgwick.com
Phone: 513-218-4062