CompManagement, the Lake County Chambers’ endorsed worker’s comp partner, provides discounted group rating programs, alternative rating, claims management and so much more. Click here to complete an AC3.
Although each of the five Lake County Chamber of Commerce (LCCC) functions autonomously, they all share the same common goals. One of those goals is to save member organizations money in lots of ways.
Did you know that many alternative discounts and cost mitigation stratigies are available to help reduce your annual Ohio workers’ compensation premium? Did you know that many can now be stacked together to earn even greater discounts? Through our partnership with CompManagement, Inc., you may be eligible to save significantly on your workers’ compensation premium rates.
We can review your orgnaization for qualifications in programs such as:
Group Rating– CompManagement currently administers group rating programs with estimated discounts ranginig from 15% to the maixmum discount allowed by the Ohio Bureau of Workers’ Compsensation (BWC)
Group Retrospective Rating– CompManagement currently administers group retrospective ratiing programs with estmated refund adjustments ranging from 25% to 42%.
Destination Excellence– variety of Administrative, Safety, and Transitional Work discounts available ranging from 1% to 10%.
Drug Free Safety– receive a discount of 4% to 7% by implementing program to address use and misuse of drugs & alcohol.
Safety Council– receive up to a 4% rebate for active participation in local safety council and reduction in frequency/severity of claims.
Are any chamber members realizing savings?
“As a small business owner and member of the Mentor Area Chamber of Commerce, we are priviledged to be members of the workers’ compensation group rating program. As a member of this group of small businesses, we are able to save significantly on our workers’ compensation premiums. In these economic times, cost savings is very important to our success. Membership in both the Lake County Chambers and the workers’ compensation program has proven to be a benefit to our business in many areas.” Steven C. Lucic, Revive-It, LLC
“I have been pleased with the group rating that I have received through my membership in the Painesville Area Chamber and their affiliation with Comp Management. Several years ago, I had an issue with the BWC. Because of a $40.00 late payment, I was penalized in excess of $15,000. CompManagement worked with me to finally get the problem resolved. ” David Osborn, Saint Clair Construction and Roofing