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Public employers’ premium rates to drop 10%

NEWS RELEASE

Sept. 24, 2021

COLUMBUS — Ohio’s public employers will pay nearly $17 million less in workers’ compensation insurance premiums next year to the Ohio Bureau of Workers' Compensation (BWC) thanks to a rate cut that will go into effect Jan. 1, 2022.

This 10% rate reduction was made possible by declining injury claims and relatively low medical inflation costs by Ohio’s counties, cities, public schools, and other public taxing districts.

“I’m proud of our state’s public employers,” Administrator/CEO Stephanie McCloud said. “The efforts they make to keep their workplace safe is what allows us to continually drop rates.”

The reduction marks BWC’s 13th rate cut for public employers since 2009. There have also been several rate reductions for private employers in recent years.

The reduction represents a statewide average. The actual premium change for an individual public entity will differ based on multiple factors, including employer type or classification, payroll levels, recent claims history, and their participation in various BWC programs.

A history of BWC rate changes since 2011 can be found online by clicking this link.


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Media Contacts:
Kim Norris, 614-728-8045 or 614-361-0202, kimberly.norris@bwc.state.oh.us


Ohio Bureau of Workers’ Compensation

Vision: To transform BWC into an agile organization driven by customer success.

Mission: To deliver consistently excellent experiences for each BWC customer every day.

Core Values: One Agency, Personal Connection, Innovative Leadership, Relentless Excellence.


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 $25 billion, BWC is one of the largest state-run insurance systems in the United States. For more, visit www.bwc.ohio.gov.