The Saskatchewan (Canada) Workers Compensation Board (WCB) recently approved the 2016 average employer premium rate for 47,783 employers covered by workers compensation and for the ninth consecutive year, rates have dropped.
In 2016, the average employer premium decreased from the 2015 level of $1.46 to $1.34, which is an 8.2 percent decrease.
WCB Chairperson Gord Dobrowolsky said he is pleased to see this drop in premium rates for the ninth consecutive year, the lowest since 1986.
“Better safety records in 45 industry rate codes have resulted in lower 2016 premium rates for 45,683 employers,” Dobrowolsky said. “This is all a testament to the commitment of Saskatchewan employers and workers to keep their workplaces safe.”
By lowering the 2016 average premium from 2015 level ($1.46), the WCB is recognizing the continued increase in reported payrolls and the improved safety performance in the province.
As part of the rate setting process, each year, the WCB seeks customer feedback through its annual public rate setting information sessions.
For the second year, the WCB offered live web-streaming for those across the province unable to attend in person giving customers in rural areas an opportunity to ask questions of WCB remotely.
Last year, 87 percent of employers achieved Mission: Zero – Zero workplace injuries.
Author Kori Shafer-Stack, Editor, Amaxx Risk Solutions, Inc. is an expert in post-injury response procedures and part of the Amaxx team helping companies reduce their workers compensation costs by 20% to 50%. www.reduceyourworkerscomp.com. Contact: [email protected].
©2014 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law.
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