BWC Group Rating Plan
Tuesday, August 27, 2013
HAVE YOU CONTACTED CAREWORKS TO SEE IF YOU CAN SAVE ON YOUR WORKERS' COMPENSATION PREMIUM THROUGH OTF'S GROUP RATING PLAN?
BWC’s Group Rating Program Offers Employers Beneficial Savings
This time of
year, you will likely start receiving offers encouraging you to enroll in
different workers’ compensation group rating programs. Choosing a group rating program with high
savings is important, but there are other factors you should consider, such as:
A Group’s Proven Performance &
Rating is the only guaranteed way companies can save a significant amount on
their workers’ compensation premium. Since
the inception of group rating in 1991, CareWorks Consultants’ group rating
programs participants have saved more than $2 billion in workers’ compensation
premiums. For every $1.00 spent in participation
fees, the average participant in a CareWorks Consultants’ administered program saved
$11.00 in workers’ compensation premium, that’s a 1000% return-on-investment!
Group Size & Stability
than 27,000 companies participate in a CareWorks Consultants’ administered
group rating program. CareWorks
Consultants is Ohio’s largest private group rating program administrator. For the 2013 policy year we filed 83 workers’
compensation group rating plans, 20% more than our competitors. For employers,
this means more opportunities for potentially higher savings and more predictable
discounts than any other third party administrator in the industry.
be wary of other plans that offer higher discounts. Plans with fewer employers often overstate their
projected discounts and then under deliver after you have enrolled.
It Pays to Compare
should annually review their group rating eligibility. If you are already a client of CareWorks
Consultants your eligibility is automatically reviewed. If you are not a CareWorks Consultants’
client or did not qualify for group rating last year, please take advantage of
our no-cost, no-obligation analysis.
How Do I Apply?
CareWorks Consultants, toll-free, at 1-800-837-3200 or visit us at www.careworksconsultants.com/groupratingapplication
to obtain a group rating application. Once your group application is submitted,
you will receive an email confirmation receipt of the application as well as a
confirmation by mail. If you qualify, your
no-cost, no-obligation analysis of potential premium savings will be mailed to