WSIB Premiums for Independant Operators in the Construction Industry?

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The amendments to the Workplace Safety and Insurance Act requires all independent operators and small businesses in the construction industry to register and begin paying premiums to the WSIB by January 2013 


Independent operators and small business owners in the construction sector have to register and begin paying WSIB premiums for office staff and managers starting Jan. 1, 2013. The amendments were approved by the legislature several years ago, but were never proclaimed into law. The Liberal government has decided to do that on Jan. 1, 2012.

The Canadian Federation of Independent Business said the change will cost the average small construction company $11,000 a year, and could force them to raise prices, cut jobs or even go out of business.

The WSIB feels mandatory WSIB coverage in the construction sector will contribute to improving health and safety, levelling the playing field and helping to combat the underground economy

 Meanwhile, the WSIB has increased premiums for everyone by two per cent effective Jan. 1. 2012, from $2.35 to $2.40 for every $100 of insurable earnings.

WSIB benefits will also increase for the fifth year in a row, by 0.5 per cent. WSIB benefits have increased by more than nine per cent since 2007.

 

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