OABA Member Service Feature: Workers’ Compensation Provided Through CompManagement, Inc.

Lower Your Workers’ Compensation Premiums

Now is the time to have your program evaluated for participation in alternative rating programs provided by the Ohio Bureau of Workers’ Compensation (BWC) and sponsored by the Ohio AgriBusiness Association (OABA), in partnership with the Ohio Farm Bureau Federation.

Through our workers’ compensation third party administrator, CompManagement, Inc., your organization can see how participation in a program will impact your costs as well as how these programs can be stacked together to achieve the maximum savings available for your organization.  CompManagement provides you with an accurate projection on estimating your workers’ compensation premiums so you can set your annual budget with confidence. 

• Group Rating Program – Discounts typically range between 15 percent to the maximum discount available from the BWC, which was 53 percent for policy year 2012.
• Stacking Options – Add on participation in Destination Excellence (1 – 3 perecent), Drug Free Safety Program (4 – 7 percent), $15k Medical Only Program and Safety Council performance bonus (2 percent).

Not eligible for Group Rating? Consider participating in one of the following programs:

• Group Retrospective Rating Program – Similar to group experience rating but an employer continues to pay their individual premium with the potential to receive retrospective premium adjustments at the end of three evaluation periods; most groups can expect to save between five and 45 percent with claim costs included.
• Large/Small Deductible Program – Receive a discount up to 77 percent for large deductible, and 26 percent for small deductible, participation in exchange for agreeing to pay a set amount of costs associated with a claim.
• 100 Percent EM Cap – A 100-pecent cap is placed on the amount an individual employer’s experience modifier can increase from year to year.
• Workplace Wellness Grants – Integrating wellness activities with workers’ compensation efforts yields a better return on investment, reduction in return-to-days as well as the frequency and severity of claims when coordinated; grants are available up to $15,000 for a four-year period.
• Transitional Work Grants – Transitional work plans can save employers money by returning injured workers back to the workplace in a timely manner; a back-end bonus is possible of up to 10 percent of pure premium based on the successful use of transitional work in eligible claims.

If your current third party administrator is not providing your organization with these alternative options, or elevating your service experience, consider enlisting the services of CompManagement, Ohio’s leading workers’ compensation administrator, and take advantage of this tremendous member benefit offered by the Ohio AgriBusiness Association.

To receive a free, no-obligation savings quote, call CompManagement’s Customer Support Unit at 1-800-825-6755 (option 3) or click here.