Policy

In return for disability insurance coverage for their workers, and protection from civil action resulting from compensable injuries, employers pay premiums to the WCB.  In certain circumstances, others may be liable for an employer's premiums.

Premiums are based on the risks associated with the industries in which the employers operate, their individual loss experience, and the insurable earnings they pay their workers (see Policies 07-01, Classification, & 07-02, Experience Records).

The WCB confirms coverage by issuing an account.

This consolidated policy is effective June 1, 1998 except when noted otherwise within specific policy sections(s).

Interpretation

1.0 Premiums

Premiums are the amounts paid to the WCB for workers' coverage, optional personal coverage, and related charges.

2.0 Others Who May be Liable

The following persons may be liable to pay premiums owing to the WCB when payment is not made by an employer:

• a principal or contractor under s.126
• the purchaser of a business or the bulk assets of a business under s.132
• the purchaser of primary timber products under s.133.

3.0 Insurable Earnings

Insurable earnings are the gross earnings of each worker, up to the annual maximum insurable earnings amount specified by the Board of Directors (see Appendix F).  Employers must report the earnings of all workers regardless of the workers' age or occupation.  This may include a value of service for unpaid workers and volunteers (see Application 4, Insurable Earnings).

4.0 Accounts

Employers' accounts are used to record information about the employer's operations, record the cost of claims, and to collect premiums for workers' compensation coverage.

Please see Part II for additional information on the following subjects:

Application

1. Accounts
2. Premium Payments
3. Premiums in Arrears
4. Insurable Earnings
5. Reporting Requirements
6. Audits