Average Private Employer Workers’ Comp Rates to Drop 20 Percent
COLUMBUS — The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors today approved a 20 percent reduction in the average premium rate it collects from private employers. The reduction is BWC’s largest in nearly 60 years. “We’re pleased to continue the trend of falling rates with a reduction that will save Ohio private employers more than $200 million next year,” said BWC Administrator/CEO Stephanie McCloud. McCloud said safer workplaces resulting in fewer and less costly workplace injury claims and […]