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The Drug-Free Workplace Program (DFWP) is a BWC rate program which offers a premium discount to eligible employers for implementing a program addressing workplace use and misuse of alcohol and other drugs, including prescription, over-the-counter, and illegal drug abuse.
Because small businesses typically have fewer resources available to implement DFWP the BWC has developed Drug-Free EZ (DF-EZ). BWC defines a small business as a company with an average of 25 or fewer full-time employees.
Premium Discount Program Plus (PDP+) was designed as an incentive to assist experience-rated employers, that are not in not in group or retrospective rating, having a .90 or greater experience modifier, establish a safer, more cost-effective workplace. Eligible employers receive discounts on their workers' compensation premiums for implementing the program in their businesses.
Employers enrolled in the program can save up to 10 percent the first and second year and up to 5 percent the third year off of their workers' compensation premiums. In addition, PDP Plus participants can earn refunds of 10 percent for a 15 percent, or greater, claims severity reduction; 5 percent for a 15 percent, or greater, claims frequency reduction; and a 5-percent bonus for meeting both criteria.
Workers' compensation laws were intended to provide a means to remedy employee injuries at a reasonable cost to the employer. However, due to rising health care costs, expanded benefit levels and liberalized legal interpretations, workers' compensation is a major obstacle to a company's profitability.
Many employers are turning to the self-insured option as a means to take charge of rising costs. By implementing a self-insured program, an employer can realize tremendous cash flow retention, reduced administrative costs and better employee moral.
For further information, please contact your CHS Account Executive.
The Ohio BWC permits employers with better-than-average claim histories to join together through a sponsoring organization for the purpose of being rated as a larger group. By participating in group rating, employers enjoy a much lower premuim than could be attained independently.
For further information, please contact your CHS Account Executive.
The retrospective rating plan allows an employer to assume a portion of the risk in return for a possible reduction in premiums. The greater the assumed risk, the greater the potential reduction in premiums.
Employers with consistent claims history and proven safety practices will benefit most from this plan. Retro rating can be customized to control the amount of risk assumed and the potential savings. Employers benefit from retrospective rating because of lower initial premiums and realized cash flow advantages, which increase as premiums are saved.
For further information, please contact your CHS Account Executive.
An option available to employers to help assist in controlling workers' compensation disability and resulting premiums paid to the Bureau of Workers' Compensation is Wage Continuation, the direct payment of lost time compensation to injured employees by the employer.
For further information, please contact your CHS Account Executive. |
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