Objective 1: Transparent, consistent, adaptable and responsive classification structure with fewer and larger groups for premium rate setting purposes, based on predominant business activity.
Objective 2: A Class Target Premium Rate that reflects the collective experience of all employers within each class, setting the stage for a significant range of potential premium rates.
Objective 3: One prospective rate setting approach for all employers, acting as an early warning for employers with premium rate implications, supporting their efforts aimed at improving health and safety outcomes.
The WSIB would like to hear from you! Please email us your questions or comments about the proposed preliminary Rate Framework to firstname.lastname@example.org.
For more information, see Paper 3: The Proposed Preliminary Rate Framework (PDF)