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THE HISTORY OF GROUP RATING

The Ohio Bureau of Workers' Compensation (OBWC) permits employers with better-than-average claim histories to join together through a sponsoring organization for the purpose of being rated as a larger group. By participating in group rating, employers enjoy a much lower premium than could be attained on their own. Historically, groups administered by CompManagement, Inc. (CMI) have realized savings between 25% and the OBWC maximum discount allowed. No two group rating plans offer the exact same savings! The actual savings are dependent upon the type of business, final loss figures, total enrollment, and reported payroll of participating members. Premiums are still payable to the OBWC; however, the rate charged by the OBWC will be lowered on the report after the group rate is in effect.

BENEFITS OF ENROLLING IN COMPMANAGEMENT’S GROUP RATING PROGRAM

  • Cost-effective claims management by experienced professionals.
  • Real time access 24/7 to your claim information via the Internet.
  • Rate analysis and review of alternative rating programs, manual
    classifications, annual premium rates and experience rating.
  • Hearing representation before the Industrial Commission of Ohio.
  • Workers' compensation education and training through CMI seminars,
    newsletters, bulletins, and professional account managers.
  • Innovative safety education and training resources.
  • Access to unemployment compensation consultation and services

GROUP RATING TIMELINE

March - December
Employer completes and submits AC-3 (Temporary Authorization to Review Information Form).

July - August
New rates are released by OBWC. CompManagement reviews and performs analysis.

October - January
CompManagement mails analysis results with enrollment application.

January 1
CompManagement claims management service begins.

February 28
OBWC's deadline to submit all group enrollment applications.

July 1
New group rate is effective. Reduced premiums are payable in February and August of the following calendar year.

   
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