Ohio Lt. Governor Husted Announces Relief in Fight Against Coronavirus Pandemic
In response to the rapidly changing economic impact of coronavirus (COVID-19), Ohio Lt. Governor Jon Husted announced over the weekend that the Bureau of Workers’ Compensation (BWC) is deferring payments for state businesses until June. Insurance premium installment payments for March, April and May of the current policy year are deferred until June 1, 2020. Further consideration will then be given based on where things stand in the fight against the COVID-19 pandemic. In addition, BWC will not cancel coverage or assess penalties for nonpayment due to the coronavirus outbreak during this time.
According to Husted, this decision “will leave $200 million in the economy through the deferral of those payments.”
In Ohio, BWC is the exclusive provider of workers’ compensation insurance. It covers 249,000 public and private employers.