As the sole funders of WorkSafeBC, it’s safe to say that employers are alarmed when seeing major fluctuations in premiums. Where is the consistency? On May 25, 2017, the Board of Directors approved the release of a discussion paper with options and proposed policy...
For many years, the WSIB struggled with an enormous unfunded liability which soared to a massive $14.2 B in 2011. Since that time, the UFL has been cut by more than half to its current level of $5.6 B. This reduction will allow greater flexibility both to serve...
Introduction The Workplace Safety and Insurance Board (WSIB) is conducting consultations into Work-Related Mental Stress policies that would come into effect on January 1, 2018. The point of these policy consultations is to allow employers and workers to voice...
Over the past few years, the importance of mental health has gained some much deserved attention both in the media and by our policy makers. The Workplace Safety and Insurance Board (WSIB) has made significant progress in recognizing mental illness brought on by...
It took Ontario employers many years and counting to understand and get used to WSIB’s soon-to-be old, New Experimental Experience Rating (NEER) system. This experience rating program, along with the CAD7 and MAP will soon be replaced by a new premium rate framework...
Workers’ compensation claims are expensive in more ways than one. Not only can they result in an increase in employer’s premiums and consequently lost efficiency due to absenteeism, but they can also cost the company future contracts. This is because the company’s...
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