On November 2, the Ohio Bureau of Worker’s Compensation (BWC) Board of Directors approved Governor Mike DeWine’s request to send $5 billion in dividends to Ohio employers to ease the continued impact of COVID-19 on Ohio’s business community and workforce. This dividend is approximately four times the total premiums BWC collected from its employer members in the 2019 policy year. BWC will apply the dividend to an employer’s unpaid balances first, then send a check for the remainder in mid-December.
The agency previously issued a $1.54 billion dividend in late April, and $1.34 billion in October. Please read more about BWC’s now third issued dividend in 2020 on their website. If you have any questions about the impact of this dividend to your business, please reach out to our office and we will be glad to assist.