We are pleased to announce that we are now operating without an Unfunded Liability (UFL). The elimination of the UFL has allowed us to provide Schedule 1 businesses an average premium rate reduction of 29.8 percent for 2019. This means that for the third year in a row, the WSIB has been able to offer reductions in the average premium rate for Schedule 1 businesses. This brings the total cumulative reduction to the average premium rate since 2016 to 36.3 per cent.
This represents a premium decrease from a Schedule 1 average rate of $2.35 on every $100 of insurable payroll in 2018 to an average of $1.65 in 2019.
The WSIB Maximum Insurable Earnings Ceiling for 2019 is $92,600, compared to $90,300 in 2018. Changes to the Maximum Insurable Earnings Ceiling are directly linked to changes in average earnings in Ontario as measured by Statistics Canada, and provisions under the Workplace Safety and Insurance Act.
The WSIB is funded solely by premium revenue. When setting premium rates for 2019, we reduced the Past Claims Cost (PCC) for businesses considerably since the UFL has now been eliminated. This has resulted in rate reductions for almost all Rate Groups for 2019:
- All but seven (148) Rate Groups will see a rate reduction, subject to a maximum decrease of 48 per cent.
- Seven Rate Groups will remain steady at 2018 levels.
Detailed rate group info
2019 Premium rate manual
Every year, we publish a Premium Rates Manual. This manual contains detailed information on the 2019 premium rates for each rate group. Tables for each rate group show:
- a six-year history and two-year projection of injury rates, insurable earnings and other related information
- premium rate components, including cost of new claims, overhead expenses, and unfunded liability
- a breakdown of overhead costs, including legislative and related health and safety obligations
The 2019 Premium Manual is broken down into three parts, each containing a number of sections. You can view a description of what is contained within each section.
| Section | Description |
|---|---|
| 2019 Premium Rate Manual Part 1 (PDF) | Section 1- Introduction Section 2- Definition of 2019 Premium Rate Components Section 3- Summary of Allocation Rules Section 4- 2019 Premium Rates for Each Rate Group, by Class Section 5- 2019 Premium Rates For Each Classification Unit, by Class
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| 2019 Premium Rate Manual Part 2 (PDF) | Section 6- Supporting Documentation for Each Class Section 6A- Class A- Forest Products Section 6B- Class B- Mining and Related Industries Section 6C- Class C- Other Primary Industries Section 6D- Class D- Manufacturing Section 6E- Class E- Transportation and Storage Section 6F- Class F- Retail and Wholesale Trades Section 6G- Class G- Construction Section 6H- Class H- Government and Related Services Section 6I- Class I- Other Services
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| 2019 Premium Rate Manual Part 3 (PDF) | Section 7- Supporting Documentation for Schedule 1 Section 8- Classification Scheme Changes Section 9- Non-Credible Rate Groups Section 10- Glossary of Acronyms Section 11- Contact Information
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2019 Premium backgrounders
For each rate group, you can download a one page backgrounder with detailed information about your 2019 rate, compared to your 2018 rate. You can search for this rate group information in the table.