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The Ohio Bureau of Workers Compensation will defer collection of comp premiums until Sept. 1, the agency said in a statement Thursday.
Employers will have an additional three months — the second of such deferment since the pandemic — to pay their June, July and August workers comp premium installments.
Gov. Mike DeWine said the additional payment deferral was created to help employers focus on reopening their businesses and focus on the safety of their employers and customers. In March, the BWC allowed businesses to defer payment of their spring premiums until June.
More insurance and workers compensation news on the coronavirus crisis here.
Workers compensation premiums for private employers in Ohio may drop by nearly $132 million as a result of an approved 13% rate reduction, the Ohio Bureau of Workers Compensation announced in a statement Friday.