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Ohio Businesses Get Cut in Workers' Comp

Dec. 3, 1999

The 75 percent dividend is expected to save Ohio businesses more than $622 million.

Gov. Bob Taft announced a 75 percent dividend on workers' compensation premiums for Ohio's private employers. The dividend for most small and medium-size businesses will appear as a one time credit on the bill they receive in December 1999. The cut is expected to save Ohio businesses more than $622 million.

"As we approach the next century, it is clear the workers' comp system in Ohio is headed in the right direction. While other states are raising their costs, Ohio's continue to fall," said Taft. "This dividend means that we have saved Ohio businesses, consumers and taxpayers more than $1.4 billion in workers' comp costs in 1999, and we have done it without impacting the benefits to those injured on the job."

James Conrad, administrator and CEO of the Bureau of Workers' Compensation (BWC) presented the dividend credit to the Workers' Compensation Oversight Commission who approved it at their November meeting.

"I am proud we are able to save money for Ohio's employers at the same time we are improving the service and speeding up the claims process for injured workers," said Conrad. "I urge businesses to invest this money in workplace safety. A safer workplace means lower costs to businesses and a safer environment for Ohio's workforce."

About the Author

EHS Today Staff

EHS Today's editorial staff includes:

Dave Blanchard, Editor-in-Chief: During his career Dave has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeek, EHS Today, Material Handling & Logistics, Logistics Today, Supply Chain Technology News, and Business Finance. In addition, he serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2021), which has been translated into several languages and is currently in its third edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.

Adrienne Selko, Senior Editor: In addition to her roles with EHS Today and the Safety Leadership Conference, Adrienne is also a senior editor at IndustryWeek and has written about many topics, with her current focus on workforce development strategies. She is also a senior editor at Material Handling & Logistics. Previously she was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck?, which made the Cleveland Plain Dealer's best sellers list.

Nicole Stempak, Managing Editor: Nicole Stempak is managing editor of EHS Today and conference content manager of the Safety Leadership Conference.