You can now access the 2010 Assessment Rates online. Here are the 2010 basic assessment rates by Statistics Canada Standard Industrial Classification (SIC).

Each employer is assigned an SIC code based on the primary industry in which they operate. Employers with different operating divisions, with different industries at each, may qualify for more than one classification.

Assessment rates are assigned to each industry as defined by the SIC. Rates are charged per $100 of assessable payroll— total payroll up to the maximum assessable annual earnings for each worker. In 2010, maximum insurable earnings is $50,800.

Experience rating adjusts the industry rate for each employer based on claim-cost history.

Benefits paid, costs for health care, etc., are applied to your account and impact your assessment rate. Like other forms of insurance, reducing your claims costs can reduce your rate. Some employers with claims costs consistently and significantly above their industry average may be issued surcharge warnings, and if there is no improvement, assessed surcharges on top of their usual rate.

The rates shown:

• Are per $100 of assessable payroll 
• Are industry rates and do not include experience rating
• Do not include WCB surcharges and industry levies

If you have questions, please contact us.

REMEMBER: You can get an up-close look at the claims costs affecting your rate. Updated in real-time, MyAccount gives you instant access, in detail, to workplace injury’s impact on your workplace – and it’s also a convenient way to fill out forms and paperwork, 24 hours a day, seven days a week. Sign up for online access to your WCB account at my-account.ns.ca.