The Ohio Bureau of Workers' Compensation (BWC) is again reminding private employers that true-up is now available! At the end of the policy year, the BWC must ensure the estimated premium it sets for businesses is correct.
To do this, employers must file a true-up report that reflects the actual payroll for that policy year. Employers must complete the report online using the payroll true-up report service offering by August 15, 2024. The BWC has a step-by-step video available to walk employers through the process.
This year, if a business has reported zero payroll and no employees in the past, we may waive true-up reporting. You will be notified if you are eligible for this waiver.
If an employer's true-up exceeds the estimated payroll, they will owe additional premium. If the true-up payroll is less than the estimated payroll, an employer will receive a premium credit.