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What is Group Rating? 

Gain the competitive edge. Some of our clients receive up to a 85% discount off their workers' compensation rates, money they can use to grow their business. Baylor Associates provides employers with complete workers’ compensation services.  We are only a phone call away and provide personal attention to your specific needs.  Our goal is to save you time and money. View an example of group savings.

Ohio is a monopolistic state when it comes to workers' compensation coverage. This means that an employer can only obtain workers' compensation coverage through the Ohio Bureau of Workers' Compensation.

Employers pay premiums for their job classifications calculated by using basic rates that are determined using a ratio of claim costs to payroll for the particular job classification. This data is a sum for all employers within that classification for a four year period known as the claims "experience".

Larger employers are given an incentive to control claim costs by offering discounts to their rates based upon the amount of claim costs they have compared to average costs for an employer with their amount of payroll. Above average claim costs lead to penalty rates, and below average claim costs give these employers discounted rates and the option of group rating participation.

The state allows associations to sponsor or "group" employers for purposes of combining claim costs and payroll to form one large entity. The lower the group claim costs compared to the group payroll the larger the discount for the group participants. Group participants pay lower rates than they could realize on their own.

As a third party administrator, Baylor Associates forms groups for various associations by examining the claim costs and payroll of employer prospects. Groups for the following policy year (July 1 through June 30) must be submitted by February. Information is currently being examined for the upcoming policy year beginning July 2009.

How much can you save?

We provide a free no-obligation analysis of your possible savings in group rating. If you are interested in obtaining a projection, a BWC Form AC-3 Temporary Authorization must be completed.  To obtain a quote please click here.