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Ohio Workers Compensation Requirements

    Every Ohio employer is required to purchase workers compensation insurance regardless of the number of employees.

    Sole-Proprietors and Partners are not required to cover themselves on workers compensation, but they can elect to be covered. A Notice of Election form may need be filed with The Ohio Bureau of Workers Compensation.

    Corporate Officers are automatically included in Ohio coverage, but they may elect to be excluded using the proper exclusion form.

    LLC Members will be treated as either a corporate officer or sole-proprietor depending on how they form their entity and how they are treated for income tax purposes.

Workers' Comp Exemptions in Ohio

    Ohio does require minimum and maximum payroll requirements for business owners for the purposes of charging workers compensation premium. This calculation is based on the state average weekly wage.

    Contractors doing business in Ohio may be subject to industry payroll limits for certain industry groups and may need maintain records to verify weekly wages paid to employees.


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How is Workers Comp Calculated?

Workers' compensation is a commercial insurance product categorized as Property & Casualty insurance (P&C Insurance). Even though workers comp is calculated using estimated payroll wages and class codes, premium is still a separate business expense from the cost of payroll. Business owners may treat the cost of coverage as an expense on their taxes.

Work comp rates for all job classification codes are always expressed as a percentage of $100 in wages. An annual policy is always subject to an audit because it was based on estimated wages and not actual wages.

Here is an example using two class codes with different estimated payroll for each class code:

Class Code Insurance Companies Rate Per $100 Estimated Annual Payroll Divide Payroll by 100
8810 Clerical $0.28 base manual rate $25,000  (25000 divided by 100) 250
8835 Home Health Care $1.75 base manual rate $100,000  (100000 divided by 100) 1000

In order to calculate the cost of the policy you only need to multiply each rate with its divided payroll. It benefits employers to re-calculate their premium as their payroll becomes larger than originally anticipated.

Class Code Workers Comp Calculator Estimated Premium
8810 Clerical $0.28 X 250 $70.00
8835 Home Health Care $1.75 X 1000 $1,750.00
Workers' Compensation Laws Vary by State

Every state has their own rules for how employees must be covered and how they must be classified for rating premium. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in Ohio can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State Insurance Fund, is available for employers who are unable to find coverage from a private company. WorkersCompensationShop.com can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and previous insurance claims.

See Ohio workers' comp insurance rules

What is Covered in Ohio?

Ohio workers' compensation insurance helps pay claim expenses when an employee, or a covered sub-contractor, is injured while working for your business. It also shields your business from other legal liabilities associated with injured employees. Work comp coverage includes:

Medical Costs

Workers' comp insurance pays for the medical expenses associated with claims or injured workers. The cost of an ER visit, required surgeries and drug prescriptions are some of the covered expenses included under a policy. An employee injured due to a slip and fall would be covered, for example. Covered medical costs can also include longer term expenses such as physical therapy or rehabilitation.

Employee Wages

Most business owners can't afford to continue paying employees if they are unable to work while they are injured. Workers' compensation in Ohio will replace most of your employees missing income if they are away from work due to an injury or illness. For example, if a construction employee broke his arm and could not perform the job for 8 weeks, the coverage would make payments to the employee to help replace the lost wages.

Short-Term and Long-Term Disabilities

Sometimes an injury can cause a partial disability or a more permanent disability. Workers' compensation insurance steps in to help pay the cost of ongoing medical bills and may even replace a portion of wages lost due to the disability. If an employee had a finger amputated due to a work-related injury. The employee could be paid a sum for the loss of the finger for permanent disability as well as some temporary disability coverage while recuperating.

Occupational Illness

Some types of work environments can include occupational exposures that have unforeseen circumstances. A chemical mixing operation, for example, may expose employees to chemical irritants and cause harmful reactions that make them sick. A workers' comp policy would cover the cost of treating an illness caused while performing the job.

Funeral Expenses

Nearly 50,000 deaths happen at work each year. Many of these are in the construction and trucking industries. A workers' compensation policy is designed to cover the cost of these funerals and to provide death benefits to the employees family. State guidelines often determine the dollar amount of coverage.

Workers compensation coverage is a No-Fault system designed to prevent costly employee lawsuits related to on-the-job-injuries. Many state provisions include Exclusive Remedy rules that protect covered businesses from these lawsuits in exchange for providing workers' comp coverage for their employees.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in Ohio.

The state of Ohio is one of the four remaining monopolistic states in the country. This means workers' compensation insurance can only be purchased through the Ohio State Fund. If you are a Ohio employer or you are doing work in the state of Ohio you will need to contact the Ohio Bureau of Workers Compensation (BWC) in order to purchase workers compensation coverage:

Although Workers Compensation Shop.com can't help employers find coverage in the state of Ohio, we often help Ohio business owners purchase out-of-state workers comp coverage. If you are an Ohio employer doing business outside of the state, or you have employees who live outside of Ohio, please contact one of our Work Comp Specialists at 888-611-7467 to find affordable a workers compensation quotes for other states.

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The state of Ohio does not allow free-market competition and they are not part of NCCI. Rates vary significantly in non-monopolistic states and employers with limited losses or claims are rewarded with lower workers comp rates because of a) lower experience modifiers and b) scheduled credits.

Help with OH Class Codes

Most private insurance carriers are licensed or authorized to offer workers compensation in most state throughout the U.S. Employers who do business in more than one state benefit because they can purchase coverage for multiple states from a single insurance carrier.

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Monopolistic states do not benefit from utilizing standardized classification systems and national data statistics for workers comp insurance. This causes problems for both Ohio employers and employers from other states doing work in Ohio. Special considerations are required.

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Inter-state and intra-state experience modifiers are not standardized for monopolistic states and Ohio employers may have separate experience modifiers affecting the cost of their insurance coverage. NCCI combines employer experience modifiers in non-monopolistic states.

Find Out-of-State Work Comp Coverage.

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Did you know that the cost of a workers comp policy in Ohio can vary significantly between insurance company, underwriter, and insurance agency?
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Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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