News Feed

2019 WCB Building Construction Rate Code Premium Rates

Dec
11

The Saskatchewan Workers’ Compensation Board (WCB) has released the approved premium rates for 2019. For the “B” Building Construction Rate Code, preliminary rates have increased in the B11 Construction Trades and B12 Residential Construction sub-codes and have decreased for the B13 Commercial, Industrial Construction code.

The premium rates below are the industry premium rate per $100 of assessable payroll. In December 2018, employers will be notified of their specific rate including experience rating.

The Experience Rating Program adjusts the industry premium rate based on individual claims experience. Reducing the number and cost of claims through injury prevention and workplace safety can improve experience ratings and reduce WCB premiums.

The increases in the B11 and B12 codes reflect the WCB's implementation of the Enhanced Rate Model, which will be applied to all industries in 2019.

For more information on the WCB Enhanced Rate Model, including recorded educational sessions, please visit: www.wcbsask.com/wcbs-2016-rate-model-review-recommendations/

For more information on the WCB Experience Rating Program, visit: www.wcbsask.com/employers/classification-premium-rates/experience-rating/

2019 WCB RATES - BUILDING CONSTRUCTION RATE CODES

  • B11 - Construction Trades -- 2018 Rate (1.52%) 2019 Rate (1.55%) --> 2.0% change
  • B12 - Residential Construction -- 2018 Rate ( 2.55%) 2019 Rate (2.58%) --> 1.2% change
  • B13 - Commercial, Industrial Construction -- 2018 Rate (1.91%) 2019 Rate (1.79%) --> -6.3% change

Full news release: http://www.scsaonline.ca/news/news-feed/wcb-approves-2019-premium-rates 

Copyright 2019 SCSA. All Rights Reserved