State Representative Anthony DeVitis (R-Green) has announced the introduction of House Bill 143, legislation that will require the Bureau of Workers’ Compensation to provide employers with detailed information regarding the establishment of premium rates concerning workers’ compensation.

Specifically, House Bill 143 will require the administrator of Workers’ Compensation to provide employers with applicable information pertaining to premium rates for the upcoming policy year. Employers will be provided the detailed mathematical equation used by the administrator to determine the employer’s premium rate, with all variables of the equation clearly defined.

“The current method of setting the premium rates is not as transparent as it should be, and consequently, it frequently leads to confusion for businesses when they are trying to anticipate the cost of workers’ compensation premiums,” said Rep. DeVitis, who jointly sponsored the legislation with State Representative Jim Butler (R-Oakwood). “As co-owner of three small businesses, I believe interjecting some clarity into this process will be greatly beneficial to companies of all sizes and to the overall business climate in Ohio.”

House Bill 143 will be assigned to a House committee in the near future.

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