Over $9.4M in Safety Rebates Awarded by Ohio Workers’ Comp Bureau

December 19, 2013
Money

The Ohio Bureau of Workers’ Compensation (BWC) announced that thousands of Ohio employers are receiving more than $9.4 million in savings for their participation in one of 78 safety councils sponsored by BWC’s Division of Safety and Hygiene.

Safety Councils are organized across the state by local businesses to inform participants of new safety standards and regulations, products and services, and provide a thorough knowledge of topics, including occupational safety and health, workers’ compensation and risk management education.

Employers can earn a 2 percent premium rebate for participating in a safety council, and an additional 2 percent performance bonus for reducing either frequency or severity of workplace accidents by 10 percent, or with maintenance at zero.

More than $5 million was awarded to 1,900 employers for their participation in a safety council in Fiscal Year 2013, and 2,600 employers received more than $4 million in performance bonuses.

Source: Ohio BWC

 

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