The recognition is 1.4% or 2% per topic based on your predictability of your reported annual WSIB premiums. To find out what your WSIB premiums are and your predictability visit the WSIB Compass on-line services. Under your Dashboard Note: Predictability is the degree to which a business’s claims experience and insurable earnings can impact their premium rate.
Businesses that successfully implement 1 to 5 Health and Safety topics are eligible for rebates of 1.4% to 10% on your WSIB premium. The amount of the rebate is based on your predictability rate*. The WSIB issues rebates four times per year which means you do not need to complete all selected topics at the same time to receive your rebates.
* visit the WSIB Compass on-line services to find your predictability rate. Under your Dashboard Note: Predictability, as determined by the WSIB, is the degree to which a business’s claims experience and insurable earnings can impact their premium rate.
There is a minimum rebate of $1000 per topic, up to 75% of the employers’ annual premiums.