WCB Rate Setting Webinar

Summary:

• Explains how WCB Nova Scotia determines employer premium rates and what factors influence those rates.
• Breaks down key components like the industry rate, experience rating, and how claims performance affects costs.
• Highlights WCB’s approach to maintaining fairness and sustainability in the rate model.
• Walks through examples showing how an employer’s claims history can impact future premiums.
• Encourages employers to focus on injury prevention and return-to-work programs to improve their rate performance.

Intended Audience:

• Employers, finance staff, and safety or HR professionals who manage WCB accounts and want to understand how their workplace performance influences insurance rates.

Who it's for:

• Employers, finance staff, and safety or HR professionals who manage WCB accounts

What you'll learn:

• How WCB determines employer premium rates
• The factors that influence premiums: industry rate, experience rating, and your claims performance
• WCB’s approach to maintaining fairness and sustainability in the rate model
• Examples of how an employer’s claims history can impact future premiums
• How focusing on injury prevention and return-to-work programs improve your rate