The Ohio Bureau of Workers’ Compensation board is considering an 8% rate reduction that could save private-sector employers $90 million in premiums next fiscal year. If approved, the reduction would take effect July 1. Read the BWC’s press release.
Ohio already has the fifth-lowest workers’ compensation rates in the U.S., according to a well-regarded study. Moreover, the average rate levels for employers in the BWC system are at their lowest in more than 60 years, the agency says. 1/30/2023