If your business participates in Ohio's Group Experience Rating Program — or has been thinking about joining — now is the time to act. The annual enrollment deadline is coming up fast, and missing it means waiting another full year to take advantage of potential workers' compensation premium savings. Here's what Ohio employers need to know to make sure they don't get left behind.
What Is Group Experience Rating?
The Group Experience Rating Program allows employers with strong safety records to pool together and potentially receive significant discounts on their workers' comp premiums. By joining a group offered by Spooner Incorporated, your business is evaluated as part of a larger pool rather than on its own claims history alone. Employers who qualify typically see meaningful reductions in what they pay each policy year. To participate, your business must meet BWC eligibility requirements, including maintaining a claims history that falls within the group's standards. Not every employer will qualify, which is why it's important we review your eligibility sooner rather than later.
The Group Experience Rating enrollment deadline for the upcoming policy year is November 16th. Missing this date may result in higher premiums. Given that workers' compensation is a significant line-item cost for most Ohio employers, losing a full year of potential discounts is worth taking seriously.
If you're not sure whether your business is currently enrolled, or if you want to evaluate whether group rating is the right fit, please reach out to your Spooner account representative or sales team for an evaluation. Many of you have already received your enrollment paperwork. Be sure it is submitted prior to the November 16th deadline as last-minute submissions can create processing delays.
The team at Spooner Incorporated is ready to help Ohio employers navigate Group Rating enrollment, evaluate eligibility, and make the most of available BWC programs. Reach out to us today to make sure your business doesn't miss the deadline!
Find out how much you could save.
Complete our online AC-3 form for a no-cost, no-obligation review of your Ohio workers’ compensation policy.