For the fourth year in a row, the WSIB has been able to offer reductions to the average premium rate for Schedule 1 businesses. The average premium rate has been reduced by 17 per cent for 2020. This represents a premium decrease from a Schedule 1 average rate of $1.65 on every $100 of insurable payroll in 2018 to an average of $1.37 in 2020.
The total cumulative reduction to the average premium rate since 2016 is 47.1 per cent.
You can now view your 2020 individual premium rates by logging in to our online services and selecting "analyze your rates and past claims costs".
2020 premium rates reflect our new rate model and classification structure, and are reflective of individual claims experience. Learn more about what's changing for you under our new model.
The WSIB Maximum Insurable Earnings Ceiling for 2020 is $95,400, compared to $92,600 in 2019. 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. Our 2020 premium rates completely eliminate the Past Claims Cost (PCC) component of premium rates that was previously used to reduce the WSIB's unfunded liability and reflect lower administrative costs and New Claims Costs (NCC).
Detailed rate info
2020 Premium rates manual
Every year we publish a premium rates manual that contains detailed information on how we set premium rates. The 2020 premium rate manual (PDF) contains details on how rate setting works under our new model, classification details and specific class/subclass information. Please note details regarding our rate-setting model transition approach in the 2020 premium rate manual are subject to change.
2020 Premium rates
We have provided class-level analysis for each class in the 2020 premium rates chart highlighting how the rates of businesses within each class compare to their corresponding class rates in 2020, and how they are projected to compare moving forward. The analysis breaks down each class by the leading business activity of each business within the class, highlighting the number of businesses and the share of the class’s insurable earnings under each NAICS code.
You can view our rate framework transition policy (PDF) for more information on projected rates.
| Class | Class Description | 2020 Class Rate |
|---|---|---|
| A
|
Agriculture |
$2.88
|
| B
|
Mining, Quarrying and Oil and Gas Extraction |
$2.62
|
| C
|
Utilities |
$0.82
|
| D1
|
Educational Services |
$0.34
|
| D2
|
Public Administration |
$3.50
|
| D3
|
Hospitals |
$0.87
|
| E1
|
Food, Textiles and Related Manufacturing |
$1.41
|
| E2
|
Non-Metallic and Mineral Manufacturing |
$2.15
|
| E3
|
Printing, Petroleum and Chemical Manufacturing |
$1.21
|
| E4
|
Metal, Transportation Equipment and Furniture Manufacturing |
$1.92
|
| E5
|
Machinery, Electrical Equipment and Miscellaneous Manufacturing |
$1.27
|
| E6
|
Computer and Electronic Manufacturing |
$0.28
|
| F1
|
Rail, Water, Truck Transportation and Postal Service |
$4.27
|
| F2
|
Air, Transit, Ground Passenger, Recreational and Pipeline Transportation, Courier Services and Warehousing |
$1.68
|
| G1
|
Building Construction |
$2.30
|
| G2
|
Infrastructure Construction |
$2.31
|
| G3
|
Foundation, Structure and Building Exterior Construction |
$4.45
|
| G4
|
Building Equipment Construction |
$1.84
|
| G5
|
Specialty Trades Construction |
$2.47
|
| H1
|
Petroleum, Food, Motor Vehicle and Miscellaneous Wholesale |
$1.76
|
| H2
|
Personal and Household Goods, Building Materials and Machinery Wholesale |
$0.82
|
| I1
|
Motor Vehicles, Building Materials and Food and Beverage Retail |
$1.35
|
| I2
|
Furniture, Home Furnishings, Clothing and Clothing Accessories Retail |
$0.81
|
| I3
|
Electronics, Appliances and Health and Personal Care Retail |
$0.34
|
| I4
|
Specialized Retail and Department Stores |
$0.93
|
| J
|
Information and Culture |
$0.36
|
| K
|
Finance, Management and Leasing |
$0.90
|
| L
|
Professional, Scientific and Technical |
$0.31
|
| M
|
Administration, Services to Buildings, Dwellings and Open Spaces |
$1.67
|
| N1
|
Ambulatory Health Care |
$1.36
|
| N2
|
Nursing and Residential Care Facilities |
$2.02
|
| N3
|
Social Assistance |
$1.22
|
| O
|
Leisure and Hospitality |
$1.05
|
| P
|
Other Services |
$1.51
|
Non-exempt partners and executive officers in construction
Under our new premium rate-setting model, non-exempt partners and executive officers in construction, who were previously classified under rate group 755, continue to receive a separate premium rate. This premium rate reflects the low risk of their work in comparison to the rest of the construction industry. The same premium rate is assigned to all non-exempt partners and executive officers in construction in a given year, although they are classified under any one of the five construction subclasses depending on the operations of their construction business. The 2020 rate for this group is $0.12.