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Proposed Rule OhioBWC  Form

Proposed Rule OhioBWC Form

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Good Morning! This is Tom Newman owner and CEO of Synuity Today I want to talk to you about Ohio specifically and we are wanting to really work with our clients and help them control their costs. One of the challenges about the state of Ohio is that it is a monopolistic state and small businesses are challenged with reducing those costs because there is no competitiveness with insurance companies competing on the insurance side to reduce those rates. For a small employer to get a reduction in their workers comp is extremely difficult in Ohio, but what i am going to share with you today is a way to reduce your costs on workers comp anywhere from 30% - 50% depending on really your history. How we do that is by bringing you into a self insurance fund, this is typically something that small employers just cannot do cause to get self insurance in the state of Ohio you have to have 500 employees or more, you have to have a pretty good track record, and really deep pockets. Most small busines

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