BWC Considers 1% Rate Cut for Private Employers

The Ohio Bureau of Workers' Compensation announced that its board of directors is considering a 1% reduction in private employer rates. If approved, the eighth consecutive rate reduction and the 17th decrease in the last 18 years would save private sector employers about $10 million in premiums, the bureau said.  The proposed 1% rate cut represents an average statewide premium change, including administrative costs. The actual premium paid by individual private employers would depend on several factors, including their expected future claims costs, recent claims history and their pa...