Ohio Cuts Private Employers' Comp Rates By 5 Percent

Private employers in Ohio will see their workers' compensation premium rates drop by 5 percent as of July 1, now that board of the Ohio Bureau of Workers' Compensation has unanimously approved the reduction. This is the first premium rate decrease for Ohio's private employers since 2001 and results from "a consistent reduction of claims and lower medical costs," said BWC Administrator Marsha Ryan. "This rate reduction, along with our efforts to comprehensively improve Ohio's workers’ compensation system, provides relief for Ohio's private employers who are striving to remain competitive in a difficult economy."

The board must set the lowest possible premium rates consistent with the maintenance of a solvent state insurance fund.

BWC also said the actuarial firm Deloitte Consulting LLP will conduct a study of the effectiveness of all rate-related programs and how they interact with one another, as well as assessing BWC's financial strengths and weaknesses. The board expects the study to be complete in December 2008.

Download Center

HTML - No Current Item Deck
  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Steps to Conduct a JSA

    We've put together a comprehensive step-by-step guide to help you perform a job safety analysis (JSA), which includes a pre-built, JSA checklist and template, steps of a JSA, list of potential job hazards, and an overview of hazard control hierarchy.

  • Everything You Need to Know about Incident investigations

    Need some tips for conducting an incident investigation at work after there’s been an occupational injury or illness, or maybe even a near miss? This guide presents a comprehensive overview of methods of performing incident investigations to lead you through your next steps.

  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Industry Safe

OH&S Digital Edition

  • OHS Magazine Digital Edition - November December 2020

    November December 2020

    Featuring:

    • COLD STRESS
      Managing Cold Stress
    • TRAINING: FALL PROTECTION
      Providing Training for Fall Protection
    • PPE: HEARING PROTECTION
      Eight Tips for Hearing Testing Day
    • FACILITY SECURITY
      Incorporating COVID-19 Protections into Safety Programs
    View This Issue