Friday, April 12, 2024

WCB Announces Drop of Premium Rate

The WCB announced that due to increased employer performance they are offering a six cent drop in the average industry premium rate in 2015, to $0.97 per $100 of insurable earnings.

The WCB will begin sharing individual rates with employers over the next few weeks, and wanted to ensure that employers have up-to-date information on what is happening in the workers’ compensation system.

Check out the WCB website for information on sector and industry rates, the factors that went in to establishing 2015 rates, and links to services that can help you improve your rate. If you are an employer, the WCB encourages you to sign up for Loss Control Reporting under myWCB to get a personalized rate statement in December.

If you have any questions please contact