November 01, 2011
Strength in numbers with ChamberComp
The State of Ohio requires all businesses to provide workers' compensation coverage for their employees. Let the Chamber help you save potentially thousands of dollars in those premium costs through ChamberComp, our Group Rating and Group Retrospective Rating programs.
ChamberComp is the largest group rating program in southwest Ohio, representing more than 4,800 businesses. Our Group Rating program has allowed participants to save up to 51% off their workers' comp premiums by grouping companies of similar industry types together to share the risk and enjoy the savings. Current participants are saving an average of over $5,000 per year through our program.
If you do not qualify for a Group Rating program you could be eligible to participate in our Group Retrospective Rating program. This programs allows us to group together companies of similar industry types that do not qualify for Group Rating to also realize saving off their workers' comp premiums. Current participants are projected to receive rebates as high as 59% on their workers' comp premiums. Rebates will vary depending on industry type and how the group performs through the year.
To receive a free, no-obligation Group Rating or Group Retrospective Rating savings analysis, call the Chamber at 513.579.3111, or fill out and return to the Chamber a Temporary Authorization Form (AC-3).
Group eligibility and rates change every year, so even if your company has not qualified in the past, you owe it to yourself to check out ChamberComp.