Ohio Employers Facing 2010 increases in Workers Compensation Premiums Get Help at PenaltyRated.com
The Integrated Companies of OHP launch a new web site to assist Ohio Employers who are denied participation in the Ohio Bureau of Workers' Compensation Discount Programs.

DUBLIN, OH, December 02, 2009 /24-7PressRelease/ -- The Integrated Companies of OHP Inc., Occupational Health Plan, have teamed together to launch a new web site intended to help Ohio employers who have been denied BWC State Funded premium discounts. The site was launched to correspond with year-end Employers' notifications of discount denials and increased 2010 premium costs.

Ohio Employers can be put in a "group" and receive premium discounts if the employer has a good workers' compensation history and track record of employee health and safety. The formula for determining the discount is a complex one that takes into account several years of work related claims history. When an employer's claims cost exceeds the amount the BWC determines as 'appropriate' for a similar employer of the same size and industry, the employer will not be eligible for group rating discounts and may be defined as 'Penalty Rated'. For companies who are denied premium discounts, the cost of workers' compensation coverage can skyrocket.

OHP top executive, Dale Bugay explains, "The days of employers expecting cost saving results from reactive TPA's, deep Group Rating discounts and other BWC programs are over.

As the Ohio BWC continues to bring 'equity' into the system, employers will be required to take individual responsibility to control their costs. Ohio employers now view proactive, comprehensive risk management programs and policies as vital parts of containing their Workers' Compensation premiums."

Being 'Penalty Rated' doesn't necessarily mean that an employer has an unsafe workplace. Sometimes one severe accident or a fraudulent claim can put an employer in danger of damaging their good BWC status.

OHP and its affiliated companies help high-risk or 'Penalty Rated' employers work through the troubled time and help them navigate their options to get back on their feet again. "Our people are well-trained to use our unique set of programs that have been proven to get results quickly. Historically, about one out of every four of our 'Penalty Rated' clients have become eligible for the BWC's premium discount program again after just one year with us," Bugay said.

Bugay expanded on the BWC's proposed changes to lower Group discount benefits on his blog at ohiocomptalk.blogspot.com.

Press Release Contact Information:

Dale Bugay
Occupational Health Plan, Inc.
President
700A Stonehenge Parkway
Dublin, OH
USA 43017
Voice: 614-717-4700
Website: Visit Our Website