Are you Paying too Much to WSIB?
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When mandatory coverage was implemented in 2013, it included provisions for every construction company to exempt one of the owner, partner or executive officer from coverage (if not on the tools) meaning they no longer had to pay premiums. Furthermore, non-exempt partners and executive officers (also not on the tools) qualify to register in rate group 755, which provides coverage at $0.22 per $100.
These provisions should result in considerable savings for many firms but in a recent survey of members' WSIB cost experience, we were surprised to find that many were not taking advantage of these provisions.
You must apply to the WSIB for either application. Both forms can be found on the OGCA website by clicking here.
We recommend you review your reports and make your application immediately.
