Accident cost statements and cost & frequency reports
| Title | Accident cost statements and cost & frequency reports |
|---|---|
|
Type |
Personal Information Bank |
|
Description |
Accident Cost Statements contain a list of an employer’s claims and claim costs paid out on a claim. Cost & Frequency Reports contain claim cost details and injury frequency details for a specific firm. |
|
Division |
Actuarial Services |
|
Legal Authority |
Workplace Safety and Insurance Act, 1997. S.O. 1997, c. 16, Sched. A |
|
Uses |
To monitor employer’s costs of a specific claim and to calculate the amount of the employer’s experience rating adjustment. |
|
Users |
Actuarial Services staff |
|
Individuals in Bank |
Employers and injured workers |
|
Retention and disposal |
Onsite – CCY+10 years (for microfiche). Paper records are destroyed after microfiched |