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BWC Approves 10% Rate Reduction Amid Declining Injury Trends

On Friday, August 21, 2020 BWC Board of Directors approved a 10% rate cut amounting to $14.8 million less in BWC premiums for Ohio public employers. The reduction was made possible by declining injury trends and relatively low medical inflation costs. 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.

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