OH: New Year Brings Public Employers 10% Rate Cut on Work Comp Premiums

01/08/21
WorkersCompensation.com
Columbus, OH (WorkersCompensation.com) - Ohio's public employers will pay $14.8 million less in premiums this year thanks to a rate reduction from the Ohio Bureau of Workers' Compensation (BWC) that went into effect Jan. 1.
The rate cut means approximately 3,700 counties, cities, public schools and other public taxing districts will pay an average of 10% less on their annual premiums than in calendar year 2020. The reduction, made possible by declining injury trends and relatively low medical inflation costs, is the twelfth cut for public employers since 2009 and follows a 10% cut in 2020.
“We're happy to pass these savings along to our public employer community, especially as the COVID-19 pandemic continues to challenge our economy,” said BWC Interim Administrator/CEO John Logue.

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