Stanley Lam Compensation Paralegal Professional Corporation
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Helping Employers Since 1990

 

Over the years, we've represented thousands of companies and our office is available to provide the specialized assistance you require. 

 

Unlike other management consulting firms, we strive in providing a better website experience to help with the immediate answers and stay proactive with constant updates.  We believe an informative and constantly updated website is a better reflection of our depth of knowledge and responsiveness to your specific needs.  As always, we're professionally committed to provide the needed management consulting resources quickly and effectively to control your WSIB/WCB costs. 

 

The following is the latest news for 2012, with so many changes we identified a select few articles with additional information to be provided in the coming months.  Older articles will be retained and added to the News Releases portion of this website.  

 

  • 2012 Assessment Rates for Canada are now available by province.  A comparison will be following shortly of the changes.
     
 
  • 2012 Premium Rates will increase by an average of 2%.  We ask you review your rates in preparation of the changes.

 

 SLCPPC.   One of the fastest growing Twitter sites involving WSIB.  We've posted our updates to ensure Followers can gain instant updates of our bulletins.

     
      our brochure if you have any interests or questions. 
     
    As we continue to grow we always welcome any interesting articles to share with our clients, please forward your comments through our Contact Us and we will consider adding your request.

History 

 

There are five basic cornerstones to the WC laws: No-Fault Compensation; Collective Liability; Security of Payment; Exclusive Jurisdiction and Independent Boards.  All provinces have their own exclusive WCB Boards, except NT & NU, the programs are combined.  
 

Funding is exclusively by employers (not by government).  Employers are charged premiums through an industry specific "Assessment” or "Premium” Rate per $100 of assessable payroll.  This will lead to financing other WCB initiatives involving Experience Rating and Claims Management programs. 

Costs to Employers

 

Assessment rates are based on: Industry Classification and Experience Rating to calculate WCB premiums.  All provinces have some form of Experience Rating merit rating programs to reduce injuries, occupational diseases and encourage workers’ return to work. 

 

Monies paid to injured workers are generally known as WCB "benefits." The benefits are comprised of: Wage Loss; Permanent Disability; Dependency and Rehabilitation.  

Accident Costs and the associated costs are applied into an Experiencing Rating program to determine the appropriate WCB premiums.