On Thursday, March 30, 2006, the Ohio Bureau of Workers’ Compensation Oversight Commission approved a 3.9 percent increase in workers’ compensation premiums for private sector employers for the fiscal year of July 1, 2006, through June 30, 2007.

The increase in workers’ compensation premiums will place a heavy burden on Ohio’s businesses that are already challenged by the rising cost of healthcare and Ohio’s many mandates. If the hike occurs, Ohio’s private sector employers would be laden with premium increases for the fourth straight year. As Ohio’s economy struggles to stay competitive nationally as well as globally, the State of Ohio should encourage growth and development and not hamper Ohio’s businesses with another increase in workers’ compensation premiums.

The Greater Akron Chamber is concerned with how this development will affect the region’s small businesses. Please log on to the Greater Akron Chamber's Legislative Action Center to take action on this issue. You can also sign up for our action e-mails to stay up to date on issues that affect small business and can easily write your Ohio legislators.

A letter has already been written addressing the increase in workers’ compensation premiums. Voicing your opinion to your elected officials has never been easier. Tell them of your concern with Ohio Bureau of Workers’ Compensation’s plan to increase worker compensation premiums for private sector employers.