(Oct. 6/16) For the first time in years, Ontario’s Workplace Safety and Insurance Board (WSIB) is reducing its premium rates. In 2017, premiums in our industry rate group (919 Restaurants and Catering) will fall from $1.72 to $1.58 – a savings of 8.1%. Restaurant operators in Ontario will save more than $7 million.
This rate cut shows that WSIB’s plans to lower its structural deficit are ahead of schedule and the WSIB is honouring its commitment to lower rates.