Employers Can Split Comp Premium Into 2 Payments

Beginning July 18, Ohio employers will be allowed to split their premium into two payments for the Jan. 1 to June 30, 2005, payroll period. If an employer chooses the online 50/50 plan, the Bureau of Workers’ Compensation will only require 50 percent of the amount due by Aug. 31, 2005. The option is only available online. The remaining amount due would be payable by Nov. 1, 2005. The bureau is enacting the special offer, which it said may not be offered in the future, in order to assist employers angered by the fund’s decision not to offer a dividend, as it had for the last nine years.

Topics Commercial Lines Business Insurance