Oh io Public employers’ workers comp premium rates drop 10 percent
Ohio’s public employers will pay nearly $18 million less in premiums this year to the Ohio Bureau of Workers’ Compensation (BWC) thanks to a rate cut that went into effect Jan. 1.
“These lower premium rates will allow many public employers to reinvest in their businesses and workers throughout the year,” said Ohio Governor Mike DeWine.
The rate reduction means approximately 3,700 counties, cities, public schools, and other public taxing districts will pay an average of 10% less on their annual premiums than last year. It was made possible by declining injury claims and relatively low medical inflation costs.