BWC Considers 6% Rate Cut for Private Employers

The Ohio Bureau of Workers' Compensation is proposing a 6% rate reduction that it says would save private employers about $60 million in premiums in the next fiscal year. “At Gov. (Mike) DeWine’s request, we are proposing a new rate reduction for private employers,” BWC Administrator/CEO Stephanie McCloud said in a statement. “Our low and steady rates are due to Ohio’s workforce and their continued dedication to creating a safe workplace.” If approved, this reduction would be the sixth straight since 2019 and the 16th decrease in the last 17 ...