BWC: 7% Rate Cut for Private Employers Takes Effect

The Ohio Bureau of Workers’ Compensation said a 7% rate cut for private employers took effect Monday. The 7% rate cut, which the BWC said would save employers about $67 million, was possible because of declining injury claims and relatively low medical inflation costs. Public employer rates have fallen a cumulative 68% since 2011, the BWC said, and are at their lowest in more than 60 years. The 7% cut is a statewide average. Actual premium changes for individual employers will differ based on factors including employer type or classification, payroll levels, recent claims history...