Policy
The minimum premium charged to employers is $100 per account, per calendar year, regardless of the number of premium rates or classification codes assigned to an employer.
Purpose
The purpose of this policy is to provide information to employers regarding the requirement to pay the annual minimum premium of $100.
Earnings producing less than $100 minimum premium
The WSIB increases an employer’s premium to the $100 annual minimum, if all the insurable earnings in an account generate a total premium of less than $100. The $100 minimum requirement also applies to all accounts reporting zero earnings.
Application date
This policy applies to all decisions made on or after January 1, 2020.
Document History
This document replaces 14-03-06 dated November 4, 2013.
This document was previously published as:
14-03-06 dated October 12, 2004
14-03-06 dated September 28, 2001.
References
Legislative Authority
Workplace Safety and Insurance Act, 1997, as amended
Sections 81, 96, 159(2)(a)
Minute
#15, December 17, 2019, Page 573