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Premium rate setting

Note: Annual premium rate statements will no longer be mailed. Your 2012 employer premium rate statement will be available electronically in mid December 2011. Sign up for Loss Control Reporting under myWCB by November 30 to access your online 2012 rate statement in December.

Employer premium rates are set based on the claims experience of each rate group1.

Rates are set based on historical data and trends. Your rate is the cost of coverage per $100 of insurable earnings.

The rate setting process promotes fairness and accountability and ensures that today's employers pay the full cost of today's claims, securing future benefits for injured workers.

1 To attain a sufficient statistical base, industries are consolidated into broader categories referred to as rate groups. Rate groups are formed on the basis of similar business characteristics and loss patterns of similar work activity.