You've likely heard that WSIB is proposing a new classification system and method of calculating employer premiums. We're looking at big changes, possibly as early as 2019.
The proposed Rate Framework contemplates replacing the current experience rating programs (MAP, CAD-7 and NEER) with a prospective risk adjusted rate setting system. This would mean that instead of experience rating rebates and surcharges, individual employer’s premium rates would increase or decrease depending on their experience.
CHANGES TO THE WSIB'S RATE FRAMEWORK WILL DIRECTLY IMPACT EVERY CONSTRUCTION EMPLOYER IN THE PROVINCE. Not to worry, the TCA has you covered offering you this seminar through our construction institute (TCIC).
Join us for this breakfast seminar facilitated by Jean-Serge (JS) Bidal, Executive Director Strategic Revenue Policy with the WSIB. JS will walk us through the proposed rate framework, explain what it means to your business and answer your questions.
Executive Director, Strategic Revenue Policy,
Workplace Safety and Insurance Board