|OhioBWC - Employer: (Individual-retrospective-rating information)|
Tier II eligibility requirements are the same as Tier I unless an employer has entered into any partial payment arrangement with BWC. For Tier I, you cannot have entered into a partial payment agreement for the payment of assessments due the state insurance fund for the past three rating years before the start date of the retrospective policy year. BWC can waive this for Tier II applicants.
Employers enrolled in the individual-retrospective-rating plan Tier II must maintain a safety program acceptable to BWC's Division of Safety & Hygiene.
Hazard class (OAC 4123-17-45)
Minimum premium percentage is the percentage applied to the experience premium to determine the fixed cost BWC will charge, separate from the claims costs associated with the year of participation. BWC's administrator set those percentages to be effective for the Jan. 1, 2007, policy year as indicated in appendices A (Tier I) and B (Tier II). Please see the minimum premium percentage retrospective rate chart in Related links below.
Private employers - Hazard groups for all private employers come from the individual-retrospective-rating section in the National Council on Compensation Insurance (NCCI) governing manual. Once you determine your hazard group, you can select the minimum premium percentage, individual-retrospective-rate chart for your hazard group. (See Related links.)
Minimum premium percentage is the percentage applied to the experience premium to determine the fixed cost BWC will charge, separate from the claims costs associated with the year of participation. BWC's administrator set those percentages to be effective for the July 1, 2006, policy year as indicated in appendices A (Tier I) and B (Tier II). Please see the minimum premium percentage, individual-retrospective-rating chart in Related links below.
Applying for individual-retrospective rating
To apply, you must complete either the Application for Individual-Retrospective Rating Plan for Private Employers (U-20) or the Application for Individual-Retrospective Rating Plan for Public Employers (U-21) in its entirety - including but not limited to, the selection of a per-claim limit and maximum premium percent. Please see Related links below for applications. We will reject incomplete applications.
If you want to make changes to your application, you must submit a new form prior to the deadline. If you want to withdraw your application, you must do so in writing prior to the deadline. The document must be signed by an officer of the company. We will not accept any changes after the application deadline. We will use the latest application filed prior to the deadline to determine your premium obligation.