Private employers in Ohio could see a 7% workers’ comp rate reduction, the Ohio Bureau of Workers’ Compensation announced Jan. 26. Its board will vote on the reduction during its Feb. 23 meeting.

If approved, the reduction would be effective July 1, and private employers in Ohio would pay nearly $67 million less in premiums, according to the bureau.

“At the request of Governor DeWine, we are proposing a new rate reduction for private employers,” John Logue, administrator/CEO at the bureau, said in a press release. “This proposed rate reduction would increase employers’ savings and continue the trend of Ohio’s historically low rates.”

The proposed 7% rate cut represents a statewide average, according to the bureau. The actual premium change for an individual public entity would differ based on multiple factors including employer type or classification, payroll levels, recent claims history and their participation in various bureau programs.

In February 2023, the bureau reduced premium rates by an average of 8%. Ohio also published a history of rate changes.