Columbus, OH – Ohio’s public employers will pay nearly $17 million less in workers’ compensation insurance premiums next year to the Ohio Bureau of Workers’ Compensation (BWC) thanks to a rate cut that will go into effect Jan. 1, 2022.
This 10% rate reduction was made possible by declining injury claims and relatively low medical inflation costs by Ohio’s counties, cities, public schools, and other public taxing districts.
“I’m proud of our state’s public employers,” Administrator/CEO Stephanie McCloud said. “The efforts they make to keep their workplace safe is what allows us to continually drop rates.”
The reduction marks BWC’s 13th rate cut for public employers since 2009. There have also been several rate reductions for private employers in recent years.
The reduction represents a statewide average. The actual premium change for an individual public entity will differ based on multiple factors, including employer type or classification, payroll levels, recent claims history, and their participation in various BWC programs.
Source: Ohio BWC