COLUMBUS — Ohio’s public employers will pay nearly $8 million less in workers’ compensation insurance premiums next year to the Ohio Bureau of Workers’ Compensation (BWC) thanks to a rate cut that went into effect Jan. 1, 2024.

This 3.9% 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.

“Ohio’s employers continue to prioritize workplace safety,” said Governor Mike DeWine. “These efforts are what allow us to continue to reduce rates and save employers money that they can invest back into their workforce.”

Since 2011, the overall reduction in public employers rates is -57.2%.

“We continue to do everything we can to help our customers succeed,” Administrator/CEO John Logue said. “These reductions show the effort and work that employers are putting into workplace safety.”

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.