Ohio’s workers’ compensation board is considering a 1% rate reduction that could save private employers nearly $10 million statewide if approved later this month.

The Ohio Bureau of Workers’ Compensation Board of Directors is scheduled to vote Feb. 27 on the proposed cut, which would take effect July 1. If adopted, it would be the eighth consecutive rate reduction since 2019 and the 17th decrease in the past 18 years.

BWC officials said average rates for Ohio employers are at their lowest level in more than six decades. Actual premiums paid by individual manufacturers vary based on industry risk, claims history and participation in BWC programs. 2/2/2026