OHBA is pleased to report that WSIB has significantly lowered premium rates for 2019.

 

Starting this January the premium rate for home builders (RG 764) will decrease from $7.24 for every $100 of a workers income to $4.33, a decrease of 40.2% For all industries, WSIB rates will decline an average of 29.8% next year. This rate decrease is equivalent to a savings of up to $2,694 per worker based on the 2019 maximum earnings ceiling of $92,600. Combined with the 2017 and 2018 rate decrease, these changes will save professional renovators and home builders up to $4,417 next year compared to rate levels in 2016. Visit WSIB for more information on 2019 rates and additional information on their new 2019-2021 Strategic Plan.