In an evolving business landscape, maintaining the accuracy of workers' compensation policy information is crucial for employers. The Notification of Policy Update, widely recognized by its form number U-117, serves as a vital tool for businesses in Ohio to communicate changes in their operational details to the Bureau of Workers' Compensation (BWC). This form encompasses diverse sections designed for specific updates, such as changes in business information, address or contact shifts, and modifications in coverage options. Employers have the flexibility to update their legal business names, trade names, entity types, and owner or officer details, ensuring that the BWC has the most current information. Furthermore, the U-117 form facilitates the cancellation of elective coverages, including the Notice of Election to Obtain Coverage from Other States for employees working outside of Ohio, without altering the primary policy number or the responsibility for premiums. This streamlined approach denotes the BWC's commitment to adaptability and efficiency, allowing employers to manage their coverage with ease. Importantly, the form also outlines the categories of individuals that qualify for elective coverage, offering a broad spectrum of options for sole proprietors, corporate officers of family farms, and partners, among others. The procedural steps for submission, including a mandatory signature for processing, underline the form's function as a comprehensive resource for Ohio's employers navigating the intricacies of workers' compensation coverage.
| Question | Answer |
|---|---|
| Form Name | Form U 117 |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | bwc form u 117, bwc u 117, bwc u ohio, bwc ohio |