The average assessment rate for New Brunswick employers in 2017 will increase from $1.11 per $100 of payroll to $1.48 per $100 of payroll. This is the first increase since 2010.
Read more about the 2017 average assessment rate.
Power Point: Stakeholder Presentation 2017 Assessment Rates
Policy: Setting Basic Assessment Rates
Report: 2017 Assessment Rates
Tables: 2017 Industry Assessment Rates
Video: How rates are set
FAQ: 2017 Average Assessment Rate
What is the 2017 average assessment rate?
The 2017 average rate has been set at $1.48 per $100 of payroll. This represents a 33% increase over the 2016 rate of $1.11. This is the first rate increase since 2010. Over the last six years, the average rate has declined from $2.08 in 2010 to $1.11 in 2016.
How does the rate increase break down?
How does the rate compare across the country?
For the last few years, New Brunswick’s 14,400 employers have experienced the second lowest average assessment rate in Canada – and the lowest in Atlantic Canada – in part because of declining claim costs and a strong funded position. With the increase for 2017, the average assessment rate is expected to be below the median when compared to other provinces, and remain the lowest in Atlantic Canada.
Do all industries pay assessments at the average rate?
No – all employers are assigned a basic rate based on their rate group classification.
First, employers who register for coverage with WorkSafeNB are assigned to one of 789 industries based on their primary business activity. Industries involved in similar activities and expected to have similar cost experience are then combined into one of 75 industry groups. Finally, industry groups with similar claim cost profiles are combined to one of 19 different rate groups. Rates range from $0.30 to $4.90.
Why were some industry groups moved to a different rate group?
WorkSafeNB monitors industries and industry groups every year to ensure that their claim cost profile continues to match the profile of their group.
Because some industries’ claim cost profiles were significantly higher than the average of their former group over a number of years, they were moved to a higher one. Most of these industries will see a 2017 basic rate increase of 53%, based on the 33% increase in the average assessment rate plus the annual transition limit of 20%.
Other industries were moved to a lower rate group because their claim cost profile was significantly lower than the average of their former group over a number of years. Most of these industries will see a 2017 basic rate increase of 13%, based on the 33% increase in the average assessment rate minus the annual transition limit of 20%.
What do I get for my premiums?
In New Brunswick, workers' compensation is administered through a no-fault insurance system set up under the Workers' Compensation Act. The system is designed to protect employers and workers by compensating injured workers while protecting employers from being sued by workers who are injured on the job.
How can I lower my assessment rate?
By preventing injuries and disease, accommodating injured workers at work and helping them return to work safely, you can reduce claim costs and ultimately assessment rates.
What if I still have a question?