November 5, 2019
How health and safety can affect your WSIB premiums
As a small business owner, you know that financial considerations can keep you awake at night.
But did you know that having a solid health and safety program that gets positive results can save you money?
Under the Workplace Safety and Insurance Board’s (WSIB) new premium rate-setting model, which comes into effect on January 1, 2020, your individual claims experience will be taken into consideration when your premium is set.
As we move closer to the implementation of the new rate-setting model, you can start making a difference now to improve your safety experience. Managing the risks in your workplace with the right health and safety practices is the key.
In November, WSIB is launching a new health and safety excellence program that will provide a clear roadmap for businesses to improve workplace safety. Success in the new program can lead to rebates and an improved health and safety record can help lower premium rates. As a WSIB-approved provider, Workplace Safety and Prevention Services (WSPS) will be delivering the program for businesses across the province.
Stephen Shaw, Director of Integrated Operations for Workplace Safety and Prevention Services, says, “With just a few clicks, Compass gives you a picture of where injuries are happening in your workplace, what group of workers is being injured, and what types of injuries they are incurring. This benefits your business and everyone in it. For instance, if the statistics indicate your workplace’s most common injury is strains and sprains, then it may be time to conduct a risk assessment of those areas and the processes involved.”
To log in, visit wsib.ca/onlineservices and select “analyze your rates and past claims costs on Compass” from the menu. Once you’ve securely logged on, a wide range of data will be at your fingertips including:
But did you know that having a solid health and safety program that gets positive results can save you money?
Under the Workplace Safety and Insurance Board’s (WSIB) new premium rate-setting model, which comes into effect on January 1, 2020, your individual claims experience will be taken into consideration when your premium is set.
As we move closer to the implementation of the new rate-setting model, you can start making a difference now to improve your safety experience. Managing the risks in your workplace with the right health and safety practices is the key.
In November, WSIB is launching a new health and safety excellence program that will provide a clear roadmap for businesses to improve workplace safety. Success in the new program can lead to rebates and an improved health and safety record can help lower premium rates. As a WSIB-approved provider, Workplace Safety and Prevention Services (WSPS) will be delivering the program for businesses across the province.
Managing risks
To help you get a comprehensive picture of how your company is doing and which areas you need to tackle in terms of health and safety, check out WSIB’s online Compass tool. Businesses like yours now have secure login access to Compass and can get exclusive, in-depth insights into claims, costs, and premium rates. You can also access and analyze key health and safety statistics to make effective business decisions to improve workplace health and safety performance.Stephen Shaw, Director of Integrated Operations for Workplace Safety and Prevention Services, says, “With just a few clicks, Compass gives you a picture of where injuries are happening in your workplace, what group of workers is being injured, and what types of injuries they are incurring. This benefits your business and everyone in it. For instance, if the statistics indicate your workplace’s most common injury is strains and sprains, then it may be time to conduct a risk assessment of those areas and the processes involved.”
To log in, visit wsib.ca/onlineservices and select “analyze your rates and past claims costs on Compass” from the menu. Once you’ve securely logged on, a wide range of data will be at your fingertips including:
- Claims registered
- Claim costs
- Costliest types of claims
- Return-to-work statistics
- Premium rate information