It's Time to True-Up and Request a No-Cost, No Obligation Quote

It's Time to True-Up and Request a No-Cost, No Obligation Quote

Published August 8, 2023 By Sedgwick

This is the time of year when you undoubtedly receive multiple phone calls, emails and hardcopy mail promoting workers’ compensation programs. Our endorsed partner, Sedgwick, helps members save significantly on workers’ compensation premiums and provides valuable advice to our members who are navigating Ohio’s workers' compensation system. Sedgwick’s clients annually save $160 million in workers’ compensation premium through their Group Rating and Group Retrospective Rating Programs. If you are not participating in this member benefit, you can request a no-cost, no-obligation analysis of your potential savings. Please contact our Sedgwick program manager Julia Bowling at julia.bowling@sedgwick.com  or (513) 218-4062.  Or you can electronically request the analysis by clicking on the following link: AC3 Form

With prospective billing, the Bureau of Workers’ Compensation (BWC) requires that all employers true-up their payroll annually.  To true-up, private employers are required to report their actual payroll for the July 1, 2022 through June 30, 2023 policy year and reconcile any differences in premium by August 15, 2023. If you have not yet completed your true-up, please do so immediately.  You can report and pay any additional premium due by clicking here or by calling BWC at (800) 644-6292.

Failure to report and pay timely can result in severe penalties.  Employers that fail to complete the true-up process will:

  1. Lose any rebates due from 2022 program participation.
  2. Be removed from all 2023 discount and rebate programs. The employer will be removed from the program for the entire year, be re-rated removing the discount, and the remainder of the 2023 installments will be adjusted to account for the rate increase.
  3. May become ineligible to participate in any 2024 discount and rebate programs if the true-up process is not completed by the program filing deadline.

If you have any questions regarding reporting payroll or the true-up process, please contact your Sedgwick rate analyst at (800) 825-6755.