New workers’ compensation insurance rates will affect Ontario employers

April 02, 2017 0 COMMENTS

by David Marchione

Across Canada, workers’ compensation programs are designed to protect employees who suffer work-related injuries. These act as insurance programs administered by various agencies across all Canadian jurisdictions. These insurance regimes are collectively funded by employers who pay premiums according to a number of factors, including their payroll and history of workplace injuries along with the occupational risks associated with their industry or employee classifications. In Ontario, the Workplace Safety and Insurance Board (WSIB) is the province’s agency responsible for worker’s compensation.

On November 14, 2016, the board of directors for Ontario’s WSIB approved a new rate framework that will completely change the way the WSIB charges employers for workers’ compensation coverage in that province. The new system is a product of research and consultation that began in 2010, when the WSIB appointed Professor Harry Arthurs to review a number of issues related to the financial situation of the WSIB.

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