Business owners prepare for upcoming changes to WSIB rate framework

Tuesday, April 23, 2019

Lunch and learn presentations in Timmins, North Bay, and Sudbury this June

Group of business ownersFor almost 300,000 businesses across Ontario, the Workplace Safety and Insurance Board (WSIB) is moving from its current classification structure to the North American Industry Classification System (NAICS) on January 1, 2020.

Provincial workplace insurance system moving to new industry classification system

NAICS is already used by Statistics Canada and the Canada Revenue Agency and is recognized as a North American standard. The new rate framework will help simplify and streamline industry classifications from 155 rate groups down to just 34 classes and subclasses. 

“The new rate framework is more transparent and gives business owners more insight into how their premium rates are set and adjusted,” says Janine Dyck, WSIB Vice President of Employer Services. “To help businesses smoothly transition to our new model, rate increases will be phased in over three years, while rate decreases will be applied immediately. We’re also encouraging business owners to attend introductory webinars and presentations available across the province.”

Provincial webinars and presentations offered to business owners

In addition to webinars scheduled throughout the year, businesses in northern Ontario can register for lunch and learn events hosted by Workplace Safety North:

June 12 in Timmins
June 26 in North Bay
June 27 in Sudbury

The webinars will enable business owners to earn in detail about features of new rate framework and what to expect in 2020. 

“We know business owners are busy people, so we thought it might be easier for them to stop by at lunchtime, enjoy a complimentary light lunch, and learn directly from a WSIB presenter about important changes to their health and safety insurance classifications and premiums,” says Paul Andre, President and CEO of Workplace Safety North.

“If there’s enough interest, we’ll look to offering lunch and learn sessions in Timmins, Sault Ste. Marie, and Thunder Bay, as well,” says Andre. “It’s really important that business owners feel prepared for the new rate framework and know where to go for help and information, if needed.”

The 45-minute presentation is followed by a question and answer period to help make the transition period for businesses as smooth as possible into the new WSIB rate framework.

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