You may be eligible for group rating or a group retro program based on your past claims activity and the performance of other companies in your industry. All premiums will be determined by a company’s specific claims activity and the risk associated with their industry.
The only exception to this system is the state’s self-insured program. All self-insured employers must pass a stringent financial and processing review by the state and meet many requirements, including a minimum of 500 employees, 5 years of audited financials, and posting a letter of credit, to name a few. All self-insured employers must still comply with all of the Ohio BWC regulations and Industrial Commission rules and guidelines.