The BWC Board of Directors approved the 2013 rate proposal on May 24, 2012, created by BWC’s Actuarial Department, to make no change to the statewide average rates for private employers for the policy year beginning July 1st. Last year, the Board approved a 4% average rate reduction which was estimated to save private employer’s $65 million in premiums. Maintaining the average rate reduction from last year will continue to allow private employers to preserve and create more jobs in Ohio.
Each private employer may see an increase or decrease in their premiums based on their individual claim cost performance.
If you have questions about your premiums, or would like a premium projection, contact a Sheakley representative today!