01/29/2025

Ohio BWC Board Considers Another Rate Reduction

This would be its sixteenth rate reduction in 17 years

Ohio's private employers could pay approximately $60 million less in premiums next fiscal year due to a 6 percent reduction proposed to the Ohio Bureau of Workers' Compensation board of directors.

If approved, this reduction would be the sixth straight reduction since Governor Mike DeWine took office in 2019 and the 16th rate decrease in the last 17 years going back to 2008.

"At Governor DeWine's request, we are proposing a new rate reduction for private employers,” said Administrator/CEO Stephanie McCloud. "Our low and steady rates are due to Ohio's workforce and their continued dedication to creating a safe workplace."

Please select this link to learn more from the agency.