When it comes to saving on workers’ compensation premiums in Ohio, Group Rating and Group Retrospective Rating (Group Retro) are two powerful options. But which one is right for your company?
🔹 Group Rating: Upfront discounts & predictability
Ideal for companies with a strong claims history.
Top 3 Benefits:
- Immediate savings — Up to 53% off your premium upfront
- Predictable costs — Easy budgeting with known discounts
- Lower risk — Not impacted by future claims performance
🔸 Group Retro: Rebate potential & long-term rewards
A great fit for companies aiming to enhance safety efforts and improve claims outcomes.
Top 3 Benefits:
- Higher savings potential — Rebates can exceed 60%
- Performance-based — Rewards strong safety outcomes
- Post-year payouts — Earn based on actual results
Not sure which is best? Sheakley can analyze your claims history and guide you to the most cost-effective solution. Contact Sheakley at 513-618-1479.