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

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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