Ohio Workers’ Compensation

It is hard to believe that 2007 is nearing the end.  Fall is right around the corner, the weather changing, leaves falling from the trees and yes, your yearly review of your claims experience that will make up your 2008 rates.  Unfortunately, there are few things that can be done to improve what has already happened but there are a few things to keep in mind. 

1. Settle claims – this various from claim to claim. Claims must be filed with the Bureau of Workers’ Compensation by 11-15 to impact the next year’s ratings.
2. Handicap reimbursement – impacts lost time claims that had wage continuation or TT paid out. A claim review should be completed to see if any of your lost time claims meet the BWC criteria (25 recognized conditions).
3. Review MIRA reserves – there is occasion where the BWC will set reserves in error. There should be a thorough review of your risk so that this does not occur.  If reserves are set in error – this can be corrected!

Share This