N.B. Workers’ Compensation Rate Rises For Third Year In A Row
The 2019 average assessment rate will be $2.92 per $100 of payroll compared to the 2018 rate of $1.70.
The 2019 average assessment rate will be $2.92 per $100 of payroll compared to the 2018 rate of $1.70.
We all have a stake in the system and all employees and employers should be highly incentivized to ensure that the system is efficient and sustainable. At this point in time, it is clear that it is neither.
The construction worker fell on Monday afternoon and later died in hospital.
Employers and employees should be concerned about rising costs of administering the system.
The increase was necessary because of rising claim costs, said WorkSafeNB’s acting president and CEO.
This past week, both CFIB and New Brunswick’s chambers of commerce expressed outrage over the increase in workers’ compensation premiums in the province.
They’re arguing the province’s current workers’ compensation system is bad for business.
In 2016, nearly 10,500 New Brunswickers were hurt on the job, eight of them fatally.
WorkSafeNB is warning New Brunswick employers of aggressive sales calls regarding WHMIS training.
The increase is the first since 2010.