BWC’s first-ever payroll true-up period is coming July 1 for Ohio private employers. This new process is part of BWC’s change to prospective billing and requires employers to report their actual payroll for the previous policy year and reconcile any differences in premiums paid.
This important step is necessary for BWC to accurately calculate your premium. It’s also important to maintaining your policy and protecting your participation in your current rating plan or discount programs. You must complete the true-up report even if your payroll for the year matches the estimate you receive from BWC.
View this video tutorial to learn more about the true-up process.
The most convenient way to true-up will be online with a BWC e-account. To create an e-account, go to BWC’s website and click on the “create e-account” link on the home page (under the login area). This video tutorial explains the process for creating an e-account.
Visit the BWC website if you already have an e-account but don’t remember your password. If you are otherwise unable to access your account, contact the BWC at (800) 644-6292.