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OhioBWC - Employer: (Obtaining Self-Insurance)
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Obtaining self-insurance
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Ohio law requires employers with one or more employees to obtain workers' compensation coverage or
be granted the privilege of self-insurance for liabilities associated with work-related accidents or
occupational diseases. Thus, employees are covered either through the Ohio State Insurance Fund or by
a self-insuring employer.
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Employers realize several benefits from self-insurance including:
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Administration of your own workers' comp program
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The potential for claims cost savings.
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List of self-insuring forms
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Besides the above-mentioned forms, the applicant also must submit for review:
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All financial records, documents and data necessary to provide a full
financial disclosure (as audited by a certified public accountant). This
includes a balance sheet, and a profit and loss statement for the current year
and the previous four years;
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Organizational plan for the administration of the workers' comp law;
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Proposed plan to inform employees of the change from a state-fund insurer
and procedures employees must follow when filing for compensation and benefits;
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Secretary of State papers providing proof of registration to do business in Ohio;
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Information on your company’s risk and claims-management procedures to
establish a safe and more cost-effective workplace, including:
- Active senior management leadership;
- Employee involvement;
- Return-to-work practices;
- Communications affecting employee safety and health;
- Claims reporting practices;
- Coordination of safety and health practices;
- Training;
- Written and communicated safe work practices;
- Written safety and health policy;
- Record keeping.
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In addition, an employer must submit board minutes when there is an
organizational merger or a company name change.
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Self-Insured Public Employer Questionnaire
Public employers submitting a new or renewal application must also complete a
questionnaire.
All questions are financial in nature and responses should correspond to the most current
audited financial statements. You must answer ALL questions to have your application processed.
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Applicants must submit completed applications and supporting documentation 90
days in advance of the desired effective date of self-insurance. Mail completed
applications and supporting documentation to:
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Ohio Bureau of Workers' Compensation
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Self-Insured Department
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30 West Spring St.
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22nd Floor
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Columbus, Ohio 43215-2256.
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BWC will process the applications and documents, and contact the applicant if
there are any additional questions.
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