Jan. 4, 2021
12th reduction for cities, schools and other local governments since 2009
COLUMBUS — 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.
The 10% reduction represents an average statewide change to premiums and does not include costs related to the administrative cost fund or other funds BWC administers. The actual total premium paid by individual employers depends on several factors, including the expected future claims costs in their industry, their company’s recent claims history, and their participation in various BWC programs.
A history of BWC rate changes since 2000 can be found online by clicking this link.
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Tony Gottschlich, 614-644-4940 or 614-296-1734, firstname.lastname@example.org
Kim Norris, 614-728-8045 or 614-361-0202, email@example.com
Established in 1912, the Ohio Bureau of Workers’ Compensation is the exclusive provider of workers’ compensation insurance in Ohio and serves 249,000 public and private employers. With nearly 1,700 employees and assets of approximately $28 billion, BWC is one of the largest state-run insurance systems in the United States. Our mission is to deliver consistently excellent experiences for each BWC customer every day. For more, visit www.bwc.ohio.gov.