As an active stakeholder and partner to the Workplace Safety and Insurance Board (WSIB), the Ontario Trucking Association (OTA) has confirmed that there will be no increases in premium rates for the trucking industry in 2016.
For the third year in a row, the WSIB has announced a 0% Premium Rate adjustment, meaning there will be no change over current rates.
Rate Framework Review
The WSIB is in full-swing consulting with stakeholders, including OTA, on a preliminary rate framework model. In essence, this is a proposed working model of how the WSIB could reform key aspects of their system such as employer classification and the rate setting process.
To see what the WSIB is proposing, carriers can click here
For OTA members who wish to get more involved in the consultation process, or wish to discuss what the WSIB is proposing in more detail, please contact [email protected]