WSIB Introduces New Rate Framework

WSIB Ontario is introducing the new way they set premium rates for the 300,000 Ontario businesses covered by their workplace injury and illness insurance.

The new model goes into effect January 1, 2020.

WSIB is aiming to change the way businesses are classified, boost fairness and increase transparency in how premium rates are set and adjusted.

Read more from the WSIB on the new model, and how it works.

Additional References: www.wsib.ca