Group Experience Rating Program

This rating plan allows employers who operate similar businesses to group together to potentially achieve lower premium rates than they could as individual employers. The discount is applied toward the premium in advance of the rating year. This program allows businesses with similar claims experience and a common purpose to act as one company under a group sponsor. Traditionally, group experience rated employers have few claims and have demonstrated proven safety practices.

Individual-Retrospective Rating

The Individual-Retrospective Rating program offers employers the opportunity to take on 100% of cost of the rating year claims for 10 years. Comparable to a “self-insured” business model, employers take a calculated risk in voluntarily taking on the claim costs (including medical), however, the program provides an up-front and significantly reduced program which allows for a more flexible cash flow. Those who demonstrate a moderate claims history and proven safety practices are eligible for the program.

Group Retrospective Rating

The Individual-Retrospective Rating program offers employers the opportunity to take on 100% of cost of the rating year claims for 10 years. Comparable to a “self-insured” business model, employers take a calculated risk in voluntarily taking on the claim costs (including medical), however, the program provides an up-front and significantly reduced program which allows for a more flexible cash flow. Those who demonstrate a moderate claims history and proven safety practices are eligible for the program.

One Claim Program

This program is for employers who have lost their group eligibility due to a significant (lost time) claim. In order to qualify for this program an employer can have no more than one lost time claim and three medical-only claims in their experience.

EM Cap

Experience Modifier Cap is a program intended for employers that do not qualify for the one claim program but have had significant losses causing group ineligibility. This program ensures that an employer’s experience modifier will no more than double from the previous year.

Small Deductible

The small deductible program allows an employer to assume a pre-determined amount of claim payment (both medical and compensation) in order to decrease the impact of the claims costs on their premium. They get a discount based on the level of risk they assume. Those costs are not added into their experience modifier calculation, which then impacts the future premium.

Large Deductible

The Large Deductible program also allows an employer to assume a predetermined amount of its claim payments (both medical and compensation), but at higher levels than the small deductible. Generally an option for larger companies, the Large Deductible program can provide much higher premium discounts. The more risk you assume, the higher the potential discount for your premium. In order to enroll and comply with the BWC’s requirements, employers who wish to participate must submit historical financial records, thus demonstrating their ability to fulfill the liabilities of the program. The Large Deductible program has minimum premium requirements as well.

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