CANADA Manitoba’s Average WC Board Assessment Rate Remains Stable
The average WCB assessment rate in Manitoba will remain stable at $1.60 effective January 1, 2010, remaining one of lowest average rates in Canada. Overall, about 34% of employers will experience lower WCB assessment rates in 2010.
Manitoba employers will pay an average of $1.60 per $100.00 of their assessable payroll to the WCB for injury insurance coverage, including wage loss payments, medical benefits and rehabilitation services. That rate may be higher or lower, depending on the employer’s injury experience and the safety and health risk of their industry.
“Our average assessment rate is the third lowest in the country,” says Doug Sexsmith, WCB President and CEO. “We remain fully funded, markets have improved and injuries have been decreasing, allowing us to provide a good rate and a competitive advantage for Manitoba employers, which is especially important in a difficult economy.”
The average assessment rate the WCB sets, however, is just one of many factors that determines what an employer pays in premiums. The best way for employers to reduce their premiums is prevent injuries and return injured workers to safe and productive work. (workersxzcompxzkit)
“The WCB works with employers and community partners to create safe workplaces and promote a culture of safety and health,” said Sexsmith. “It’s in the best interest of everyone. Workers are better protected from injury and employers can see reduced workers compensation and business costs.” The gradual increase in the maximum assessable earnings cap also continues, with the 2010 ceiling set at $89,000.
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