Ontario trucking employers to save 5.6% in WSIB premiums

Ontario’s Workplace Safety and Insurance Board (WSIB) is rolling back rates next year, by an average of 5.1%, with trucking employers saving even more.

This after holding rates steady in 2021 to help businesses recover from the pandemic, the organization claims. The premium reductions will inject about $168 million into the economy next year, WSIB claims.

The average rate will be $1.30, down from $1.37, per $100 of insurable payroll. Trucking’s rate will be $4.03, down 5.6% from $4.27 the past two years.

“Our strong financial performance allows us to ease the pressure on Ontario businesses during these difficult times while continuing to help people recover and return to work,” said Elizabeth Witmer, chairwoman of the WSIB. “This is the fifth time in the last six years we have been able to reduce the average premium rate, confirming Ontario as a jurisdiction with among the most generous benefits in North America at a competitive cost.”

WSIB also says it will allow businesses to log in and view detailed claims information in real-time, beginning in 2022.