Another Billion Back From the BWC

Ohio employers are in line to receive another significant financial boost from the Bureau of Workers' Compensation. Governor Mike DeWine and the BWC have proposed a $1 billion dividend to be returned to eligible Ohio employers — a welcome development that can meaningfully affect your bottom line and your approach to workplace safety investments.

What Is the BWC Dividend?

The BWC periodically returns surplus funds to Ohio employers in the form of dividends when the agency's financial position allows. These payments reflect strong fund management, lower-than-expected claims costs, and the collective effort of Ohio businesses to reduce workplace injuries. This latest proposed $1 billion distribution continues a pattern of the BWC returning money to the employers who fund the system.

It's worth noting that dividends are separate from other BWC savings programs, such as Group Rating, Group Retro, or safety council discounts. They represent a direct return of dollars you've already paid in premiums.

Who Is Eligible and What Should You Expect?

Eligibility for BWC dividends is typically tied to your status as a private or public employer in the state fund. While the BWC sets the specific criteria for each distribution, employers generally need to be current on their obligations and in good standing with the agency. Key things to keep in mind:

• Check your BWC account status. Outstanding balances or compliance issues can affect your eligibility.

• Watch for official BWC communications. The agency will announce the final approval, distribution method, and timeline — look for notices through your BWC account or direct mail.

• Deadline to Qualify: Employers must complete their 2022 policy year true-up and resolve any lapsed status by August 28, 2026, to remain eligible.

Make Sure You're Getting Everything You're Owed

A dividend announcement is also a good reminder to take a broader look at your workers' comp situation. Many Ohio employers leave money on the table by not participating in available BWC programs — Group Rating, Group Retro, drug-free workplace discounts, safety councils, and others — that could reduce what you pay year-round, not just when a dividend comes along.

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If you have questions about how this dividend affects your business, or if you'd like help reviewing your overall workers' compensation strategy, the team at Spooner Inc. is here to help. Reach out to us today for a Free Quote — No-Cost Ohio Workers' Comp Policy Review | Spooner Incorporated — we work with Ohio employers every day to make sure they're getting the most out of the BWC system.