On Saturday March 21, 2020, Ohio Lt. Governor Husted and the Ohio Bureau of Workers' Compensation announced that due to the COVID-19 pandemic, employer's premium installment payments due for March, April, and May may be deferred until June 1, 2020. At that time, the matter will be reconsidered by the Bureau. The Bureau will not cancel coverage or assess penalties for nonpayment or late-payments during the three month period. The Bureau has instituted this deferment in an effort to alleviate economic concerns of Ohio employers. Payments which were set to be due in March, April, and May total approximately $200 million which Lt. Governor Husted stated he hopes will now stay in the economy.
The Bureau will continue to provide updates on how the Bureau will assess premium installment payments after June 1, 2020. In the interim, please refer to the FAQs released by the Bureau for workers' compensation concerns related to COVID-19.
This article provides an overview and summary of the matters described therein. It is not intended to be and should not be construed as legal advice on the particular subject.