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Workers Comp System Drops Premium Price For Local Governments

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Just like private companies….. Ohio schools, cities, counties, libraries, and townships have to chip in money for a fund that pays workers who are injured on the job. Now though, the premiums those local governments pay are being trimmed by an average of 5 percent. It's the fourth straight year of premium cuts.

Friday, October 26, 2012 at 5:22 pm

Steve Buhrer heads Ohio's Workers Compensation program.

Buhrer: Last year we were also able to do a 5% rate reduction for the public sector entities, so this is an additional five. In total we're talking about 40 million dollars in savings in premium costs from where they were two years ago. And someone told me this may be the lowest rate for public entities in thirty years.

Buhrer says the Workers Comp system is saving money these days because fewer workers are being injured on the job. He says that's how the premiums that local governments pay in can be trimmed.

Buhrer notes that private companies have also seen their workers comp premiums cut in recent years.

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