Saturday, Jul 02, 2016
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BUSINESS BRIEF

Workers’ comp drops base rate for employers

The base rate that Ohio's private employers pay for workers’ compensation will decrease 6.3 percent on July 1, the Ohio Bureau of Workers' Compensation said Thursday.

The base rate decreased 4 percent in 2011, did not change in 2012, and fell 2.1 percent last year.

The actual premium paid by individual private employers depends on a number of factors, including the expected future costs in their industry segment, their recent claims history, and their participation in various discount and savings programs.

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