Public Employers' Comp Premium Rates to Drop 3.9%

The Ohio Bureau of Workers’ Compensation on Friday announced an average 3.9% workers' compensation rate reduction for public employers in the state, amounting to $8 million less in premiums in 2024. The BWC attributed the average drop to declining injury claims from counties, cities, public schools and other public taxing districts, as well as relatively low medical inflation costs. The new rates, which go into effect Jan. 1, 2024, are in line with a yearslong trend in the state, where the average rate levels for both private and public employers are at their lowest in more th...