BWC Board to Consider Premium Discount for Full Payment of Annual Premium


A draft rule that introduces a premium savings opportunity for Ohio employers will be considered by the Bureau of Workers’ Compensation (BWC) board of directors audit committee this month and in September. The proposal would grant an early payment discount of 2% to an employer that pays the full twelve month estimated annual premium by the due date for the first installment for each policy year.  If approved, the discount would be available to private employers for policy years commencing on July 1, 2017.  8/25/2016