The Workplace Safety Insurance Board is reducing the premium rates employers pay.
It’s due to the elimination of the WSIB’s unfunded liability; something Chamber of Commerce President Charla Robinson feels is good news.
“We’re expecting the WSIB premiums will go down by almost 30%, so that’s a significant saving for employers. Certainly will help to save businesses money so they can reinvest those savings into growing their business.”
#BREAKING: For the first time in recorded history, the WSIB’s Unfunded Liability has been eliminated almost 10 years ahead of schedule. #wsibAGM https://t.co/OL3K1msj8T
— WSIB (@WSIB) September 26, 2018
The head of the local Chamber tells us they expect the decrease in rates to start in the New Year.
Have you heard? Ontario businesses will see an average decrease of 29.8% in their premium rates next year. To help you prepare for 2019, check out your rates here: https://t.co/gmzX9cVKHx
— WSIB (@WSIB) September 26, 2018
