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Ohio employers are paying less in workers’ comp premiums than they have in decades. Here’s why

Ohio BWC Green building

The Ohio Bureau of Workers' Compensation, whose Columbus headquarters are shown above, has again cut the average rate that both public and private employers pay in workers' comp premiums. (Jackie Borchardt, cleveland.com, file)

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COLUMBUS, Ohio—Workplace safety is again paying off for Ohio employers, as state officials on Monday announced workers’ compensation premiums have again hit a decades-long low.

Private employers will see their average premium rate drop by 7% as of July 1, saving them a total of $67 million compared what they paid last year, according to the Ohio Bureau of Workers Compensation. Public employers will also see an average drop of 3.9%,, which will reduce their payments by a total of $4 million, a BWC release stated.

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