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Issue 4 - March, 2022

WSIB to rebate up to $1.5 billion in surplus funds to Ontario businesses

A surplus that surpasses the WSIB’s needed reserve will allow Ontario businesses to receive rebates in April 2022. The Workplace Safety and Insurance Board (WSIB) has announced a rebate of surplus funds of up to $1.5 billion to eligible safe Ontario businesses. “Ontario businesses are paying the lowest average premium rate in more than 20 years,” said Grant Walsh, Chair of the WSIB. “With solid financial management, we can give this rebate to businesses at a time when they need it most while protecting coverage for people injured at work.”

Whether you are just getting started or want to optimize systems and processes you already have in place, the Excellence program can help you reach your goals. Participants can earn both financial and non-financial rewards and create safer workplaces. For program details and to register your firm today click here

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Issue 4 - March 2022

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