it’s a new wsib year and the end of the cad-7 and neer ... · cad-7: the the price what what...

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It’s a new WSIB Year and the end of the CAD-7 and NEER experience rating programs are almost here. Is your organization prepared? , Feb 2017 1 Late Unlike The If If The Rate Originally Premium Because industry. their for rate premium the in drop significant a see will employers many programs, prior in than larger much is group rate per employers of pool the rate. posted the than higher pay will performance poor with organizations and rate posted the than less pay will performance good with Employers against. evaluated be will Employers that premium base a have will groups rate new The Contribution: matter. this on decision WSIB a awaiting are we time this At model. “one-rate” the fit not do that separate) are businesses the where entity that under home funeral a and store furniture a has but entity one as operate that Corporations as (such examples many uncovered Board the However activity. business primary their of group rate the to contribute only would and groups rate multiple to contribute to companies allowing of practice the end to decided WSIB the premiums. of pool larger a across risk spreads which group rate per companies more means groups rate Fewer 34. to 175 from groups rate of number the decreasing is WSIB the as group rate new a into moved be will they that is notice will employers changes first the of One Groups: now: right know we what is This unknown. still are that facets many are there time this at and everything change will program new low! too were premiums your year this surcharge a paid you high! too were premiums your year this rebate a received you insurance: your for price right the paying as program new the positioning is WSIB model. prospective a of form some use Canada in Boards Compensation Worker’s provincial Most employers. Ontario small for program MAPP the like prospective, be will program new the experience, cost claim prior their upon based rebate a receives or surcharges a pay either employers where programs retrospective are which CAD-7, and NEER system. rating experience same the under be would employer Ontario every that so 2019 in begin would program Rating Experience new a that announced WSIB the year last

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Page 1: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

It’s a new WSIB Year and the end of the CAD-7 and NEER

experience rating programs are almost here.

Is your organization prepared?

,Feb 2017

1

Late

Unlike

The

If If

The

Rate

Originally

Premium

Because

industry. their for rate premium the in drop significant a see will employers many

programs, prior in than larger much is group rate per employers of pool the

rate. posted the than higher pay will performance poor with organizations and rate posted the than less pay will performance good with Employers against. evaluated be will

Employers that premium base a have will groups rate new The Contribution:

matter. this on decision WSIB a awaiting are we time this At model. “one-rate” the fit not do that separate) are businesses the where entity that under home funeral a and store furniture a has but entity one as operate that

Corporations as (such examples many uncovered Board the However activity. business primary their of group rate the to contribute only would and groups rate multiple

to contribute to companies allowing of practice the end to decided WSIB the

premiums. of pool larger a across risk spreads which group rate per companies more means groups rate Fewer

34. to 175 from groups rate of number the decreasing is WSIB the as group rate new a into moved be will they that is notice will employers changes first the of One Groups:

now: right know we what is This unknown. still are that facets many are there time this at and everything change will program new

low! too were premiums your year this surcharge a paid you high! too were premiums your year this rebate a received you

insurance: your for price right the paying as program new the positioning is WSIB

model. prospective a of form some use Canada in Boards Compensation Worker’s provincial

Most employers. Ontario small for program MAPP the like prospective, be will program new the experience, cost claim prior their upon based rebate a receives or surcharges

a pay either employers where programs retrospective are which CAD-7, and NEER

system. rating experience same the under be would employer Ontario every that so 2019 in begin would program Rating Experience new a that announced WSIB the year last

Page 2: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

2

However

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Under

It

Structure:

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CAD-7:

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The

Price

What

What

2019. in launched is program new the when possible

position best are they that so programs work to return and prevention their both improving on work to 2018 and 2017 have Employers now: right know do we

rate. premium possible lowest the at program new the into entry ensure to be will employers all for piece critical the opinion SEGA's In

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calculation. cost claim your exit to years 11 as many as take can claims major However program. the of

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cycle) the in years oldest the for 1/3 and years 3 recent most the for (2/3 costs claim of years recent most the on weight more place will system

eliminated be will cost Frequency the but claim the of costs actual the uses Only

calculation. the from Costs Overhead and Costs Future Projected the eliminating thereby calculation,

this to applies Awards) Discounted (Past claim the of cost actual the Only

2018. from costs the adds and calculation your from 2012 eliminates system the 2020 In 2017. – 2012 from costs accident direct your by determined be will contribution premium company’s your 2019 in launches program the When

group. rate new each within points price 80 and 40 between be will there anticipated is

payroll. of $29.00/$100 as much as to up paying costs significant with companies the and payroll 0f $6.00/$100 as low as paying performers best the with price”

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group. rate every with as surcharges and rebates with performance for adjusted was system The rate. same

the paid 728 Group Rate in company every but payroll of $14.80/$100 of premium a paid 728 Group Rate 2016 In model. contribution premium the demonstrate to group

rate Roofing Ontario the used WSIB the seminar information Reform Rate recent a

down. go will pay will company your premiums the mean necessarily not does that

Page 3: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

3

Every

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Low

PREVENTING

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Employers

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www.segaconsulting.com/contact

box subject the in REFORM RATE with

link: this click please company your help can SE-GA how about information more For model. new the in projections and bidding

budgeting, for tool critical a be will Projections Financial and Monitoring

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costs. WSIB fixed higher have will that companies than rate lower at bid can they as performers good for ADVANTAGE COMPETITIVE

significant a create will This agreement. service the of length the during points price 9 as) many as by increase (or many as by fall contribution premium WSIB their

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Page 4: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

4

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Page 5: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

5

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wages. daily normal their directly employee the pay can employer the that so immediately

offered be work modified that critical is it costs claim low maintain to order

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Page 6: It’s a new WSIB Year and the end of the CAD-7 and NEER ... · CAD-7: The The Price What What possible when the new program is launched in 2019. both their prevention and return

6

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