What affects my rates?

Claims costs drive workers' compensation rates. The higher the claims costs the higher workers’ compensation rates will be.

This is true for both base-rated and experience-rated employers.

Base-rated employers

• Base-rated employers rates are affected by claims costs industry-wide.
• Base-rated employers pay workers compensation premiums based on the average costs of claims filed against all Ohio employers in like industries, utilizing the same manual classifications.
• The base rate assigned to a particular manual classification is determined by a review of combined claims costs in the experiences of all Ohio employers associated to that manual classification.

Experience-rated employers
Claims costs for the particular business, affect the rates of experience-rated employers.

• Experience-rated employers with lower-than-average claims costs, compared to others in the same classification, will pay a rate lower than the base rate.
• Experience-rated employers with higher-than-average claims costs, compared to others in the same classification, will pay a rate higher than the base rate.

Click here to learn more about base rating and experience rating.