Ohio’s workers’ compensation system continues to deliver cost stability as the Ohio Bureau of Workers’ Compensation Board approved another rate reduction this week. The 1% cut for private employers, effective July 1, 2026, is expected to save employers approximately $10 million statewide. It follows a 1% reduction for public employers that took effect Jan. 1. Since 2019, BWC has reduced rates by 50%, with average premium levels at their lowest point in more than 65 years.
“Actuarially sound rate setting and responsible fund management are critical to maintaining Ohio’s competitive edge,” said Jacob Sargent, director of public policy services for the Ohio Manufacturers’ Association. “Predictable, sustainable workers’ compensation costs give manufacturers greater certainty as they plan investments, manage risk and compete in a challenging economic environment.”
Individual employer premiums will vary based on industry risk and claims history. 3/2/2026