Ohio Plans 7% Workers’ Comp Rate Cut

Improved workplace safety and reduced costs at the BWC have prompted Gov. Mike DeWine to recommend a 7% reduction in workers’ compensation premium rates for private employers.

If approved by the BWC board later this month, Ohio employers could realize roughly $67 million in savings next fiscal year. An employer’s actual premium change will depend on multiple factors, including recent claims history.

This would be the fifth workers’ comp rate cut since Gov. DeWine took office in 2019. Here’s a history of rate changes since 2011. 1/29/2024