Bureau of Workers’ Compensation – Dividend Payments to Business Owners
Agency / Department: Bureau of Workers’ Compensation
Resource: Dividend Payments to Business Owners
Details: Ohio Governor Mike DeWine has asked the Ohio Bureau of Workers’ Compensation (BWC) to send up to $1.6 billion to Ohio employers this spring to ease the economic impact of COVID-19 on Ohio’s economy and business community:
This dividend equals approximately 100% of the premiums employers paid in policy year 2018.
BWC will apply the dividend to an employer’s outstanding balances first, including the recent installment deferrals. Any amounts exceeding outstanding balances will be sent to the employer. For those employers, it means one less bill to worry about.