Ohio Farm Bureau hosts statewide CAUV update webinar
The Statewide CAUV Update Webinar explained more about the recent changes in CAUV and what could be next for the program. Watch the recording.
Read MoreGov. Mike DeWine and Ohio Bureau of Workers’ Compensation Administrator/CEO Stephanie McCloud proposed giving up to $1.6 billion to Ohio employers this spring to ease the economic impact of the coronavirus (COVID-19) pandemic on Ohio’s economy and business community.
“This is great news for Ohio’s businesses, and will assist in relieving some of the financial pressures many are experiencing,” DeWine said. “Administrator McCloud and I both encourage businesses to reinvest this money in the health and safety of their employees.”
BWC’s Board of Directors will hold an emergency virtual meeting Friday, April 10 to vote on the proposed dividend, which equals 100% of the premium employers paid in policy year 2018. As in previous years, the dividend is possible because of strong investment returns on employer premiums, a declining number of claims each year, and prudent fiscal management.
“This dividend is possible in no small part to the employers in our state that have worked hard to improve workplace safety and reduce injury claims,” said McCloud, noting checks will be going to employers later this month. “We are also fortunate that despite the market’s recent downturn, our fiscal position is strong enough to allow for this dividend while maintaining funds to take care of injured workers for years to come.”
BWC provides workers’ compensation insurance to more than 248,000 private and public employers in Ohio. Should the proposed dividend total $1.6 billion:
The proposal follows other recent moves by BWC to ease the strain on employers this year. In late March, BWC told employers they could defer their monthly premium installment payments for March, April, and May until June 1. BWC also waived or postponed some requirements and deadlines for several programs that reduce employer premiums and applied the discounts automatically.
If approved by the board, the dividend would be BWC’s sixth of $1 billion or more since 2013 and seventh overall in that time. It also continues BWC’S trend of lowering workers’ comp costs for Ohio’s private and public employers. BWC has repeatedly lowered premium rates in recent years, including a 10% cut for public employers that took effect in January and a 13% cut for private employers that begins July 1.
In total, BWC has saved employers approximately $10 billion in workers’ comp costs through dividends, credits, rate reductions and greater efficiencies since 2011.
For more on COVID-19 as it relates to BWC, visit this Frequently Asked Questions page. For other questions about COVID-19 related to BWC, email [email protected].
For the latest on COVID-19, visit the Ohio Department of Health website or call 1-833-4-ASK-ODH (1-833-427-5634).
The Statewide CAUV Update Webinar explained more about the recent changes in CAUV and what could be next for the program. Watch the recording.
Read MoreThe guide includes a farm driver checklist, overview of state and federal regulations and exemptions, CDL qualifications and more.
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Scholarships are available to students pursuing degrees in agriculture-related fields or that support the agriculture industry.
Read MoreHundreds of Ohio businesses and sole proprietors are raving about Ohio Farm Bureau’s Health Benefits plan with lower, predictable costs and easy enrollment and administration options.
Read MoreAgriPOWER Class XIV spent a few days in March in Medina and Wayne counties learning more about northern Ohio agriculture from leaders in Ohio Farm Bureau.
Read MoreLeading Ohio Farm Bureau’s 2024 YAP State Committee are Luke and Kayla Durbin of Coshocton County, Tim and Sarah Terrill of Montgomery County and Carly Fitz of Perry County.
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Read MoreOhio Farm Bureau’s farmer leaders plus members of the media and select Farm Bureau staff are at the nation’s capital March. 12-14, 2024 for the annual County Presidents Trip to Washington, D.C.
Read MoreThe SEC voted on its final climate disclosure rule and removed the Scope 3 reporting requirement, which would have required public companies to report the greenhouse gas emissions of their supply chain.
Read MoreThis position is created for an active Young Ag Professional member who has a passion for fundraising and is interested in further developing their leadership skills. Apply by May 3.
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