Ontario's WSIB has released its 2015 premium rates for employers and rates have been frozen for the second year in a row for most employer rate groups.
Premium rates are set for all employers within a particular rate group (or industry) and set as a percentage (%) of each $100 of insurable earnings. Industries with a higher likelihood of workplace injuries typically have higher premiums. These include:
Update: Not everyone happy about WSIB premium rate freeze. Industry group frustrated that rates have not decreased in line with safety improvements and sees continued high rates as "tax." Read more...
Impact of Firefighter Legislation:
Other WSIB tidbits:
Have any WSIB related questions? Please contact Anna Aceto-Guerin or any member of the Clear Path team. We'd love to help. If you'd like to register for an upcoming learning session, you can learn more about Clear Path's NEER, WSIB, and Claims Management workshops here.
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