Ohio Workers’ Compensation

When it comes to workers’ compensation insurance, Ohio workers’ comp is a bit different than most other states.


Worker’s compensation in Ohio is monopolistic, meaning that employers have to go through the Bureau of Workers’ Compensation (BWC). Every company in Ohio is mandated to have workers’ compensation insurance, and the Bureau sets the rate for your company without allowing you to shop around for a better deal. However, partnering with a Professional Employer Organization (PEO) like Group Management Services can allow you to get a lower workers’ compensation rate for your business.


Workers’ compensation in Ohio is a little different than in other states. Contact GMS about a lower Ohio workers’ compensation rate. 

Lower Your Ohio Workers’ Compensation Rates

Workers’ compensation insurance may be mandatory, but that doesn’t mean you’re limited to one choice. GMS can provide Ohio businesses with another option: self-insured workers’ compensation.

Under this type of PEO-administered policy, the employer assumes the financial risk of providing workers’ compensation benefits to employees. In other words, you would pay the cost of each workers’ compensation claim out-of-pocket as they are incurred, rather than pay a fixed premium.

As one of the few self-insured PEOs in the state, GMS has control over what discounts are offered, all while complying with the Bureau’s regulations. 

Benefits of Self-Insured Workers’ Compensation

The self-funded approach to workers’ compensation offers a number of benefits to your business, including:

  • Improved cash flow. Because claims are paid for as they occur, you can more easily estimate income and expenses.
  • Reduced cost. Self-insured plans forgo the markup costs included in state premiums.
  • Greater control. Safety audits, employee training, and workplace safety programs help secure greater control over the safety of your employees. 
  • Focus on growing your business. GMS takes on the burden of policy administration, allowing you to put your focus back on growing your business.

Lower Your Risk of Workers’ Compensation Claims

In addition to human resources and payroll, risk management is what GMS does best. We can help you lower you workers’ compensation rate through cost containment and loss prevention strategies. By helping you reduce the risk of accidents and potential claims, you can receive a rate that is much lower than what the Bureau will offer.

With our experience and self-insured status in Ohio, GMS can help you avoid base rates that may be much higher than what you should have to pay.  Contact GMS to see how your business can get lower workers’ compensation rates in Ohio.

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