top of page
  • DRMA

Premium installment & true-up reporting for private employers

Employers must pay premiums timely to the Ohio Bureau of Workers’ Compensation (BWC) to receive and maintain workers' compensation coverage.

Throughout the year, employers have been making premium installment payments based on estimated payroll. As we near the conclusion of the 2022 policy year (July 1, 2022 through June 30, 2023), BWC will be requiring all employers to reconcile (“true-up”) the payroll that was used to estimate their premium with their actual payroll for the policy year.

Important reminders

BWC mailed 2023 estimated annual premium notices along with your installment schedule around May 1, 2023.


  • If you expect your payroll to change during the 2023 rating year from the estimate provided, you can call BWC at 800-644-6292 and request a change to your payroll and installment schedule.

  • Failure to make installment payments based on the installment schedule can result in lapses in coverage, therefore make sure installment payments are paid by the due dates as noted on the installment schedule. The first installment payment will be due by mid/late June 2023.

  • If you pay your full 2023 premium by the June installment due date, you can earn a 2% Early Payment Discount. There is no need to switch to an annual installment, but the premium must be paid in full by the due date. BWC will issue the 2% refund the following month.

BWC will mail notices regarding the July 1, 2022 through June 30, 2023 true-up around July 1, 2023. True-up reporting and payment is due by August 15, 2023.


  • Failure to true-up and pay any additional premium will result in your policy being removed from all discount and rebate programs and it will remain ineligible for discounts and rebate in future years.


If you have any questions regarding premium installments or the true-up process, contact our Sedgwick program manager, Paul Feck at 614.906.0535 or paul.feck@sedgwick.com.

11 views

Recent Posts

See All

Kudos to Members Growing the Workforce Pipeline

THANKS to the following member companies and people who are helping to grow the manufacturing workforce pipeline! For volunteering for a Power Lunch at Lebanon High School – Apr. 18th o  Garry Jankows

Buckeye Metal Finishing is expanding!

Submitted By Laura Fenlon, Buckeye Metal Finishing, on Tuesday, 5/28/2024 Buckeye Metal Finishing has great news! We are expanding our operations and moving locations! With this expansion we are bette

Kommentarer


bottom of page