The Ohio Bureau of Employees’ Compensation board of administrators introduced a 6% fee minimize for personal workers efficient July 1, 2025. The discount follows a 7% fee minimize for personal employers final 12 months.
Ohio’s non-public employers pays almost $60 million much less in premiums subsequent fiscal 12 months because of the fee cuts.
Ohio Governor Mike DeWine stated the speed cuts are a of companies adopting a tradition of office security.
Total, the common fee ranges for the 258,000 non-public and public Ohio employers within the BWC system are at their lowest in over 60 years.
“Personal employers have acquired 16 fee reductions within the final 17 years,” stated Administrator/CEO Stephanie McCloud.”These fee cuts enable Ohio’s employers to reinvest of their enterprise and their workers.”
The 6% fee minimize represents a statewide common. The precise premium change for a person employer will differ based mostly on a number of elements, together with employer sort or classification, payroll ranges, latest claims historical past, and their participation in varied BWC applications.
Subjects
Commercial Lines
Workers’ Compensation
Business Insurance
Ohio
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