Professional, Practical Legal Advice Since 1931 Chardon Law Office 440.285.2242
Cleveland Law Office 216.255.5431

BWC Board Approves Premium Cuts

Posted On: | Author: | |

The Bureau of Workers’ Compensation Board of Directors recently approved a rate cut for private employers that’s expected to decrease annual premiums by $113 million next year. The 8.6% reduction in overall average rates is the latest in a series of premium cuts since 2011. Rates are now a combined 28.2% lower than five years ago. BWC Administrator/CEO Steve Buehrer also said injury claims have fallen 9% over the past five years, making Ohio’s injury rates lower than the national average and all surrounding states.