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WSIB 2018 Premium Rates for all Rate Groups
Posted: Sep 27, 2017

The WSIB announced earlier this week announced the 2018 premium rates for all Rate Groups.  All 13 construction Rate Groups will experience reductions next year, and all except RG 755 (Non-Exempt Partners & Executive Officers) will experience reductions of more than 7%.  A chart with all construction Rate Group rates is attached.  This is great news.

Please note that the Ceiling for insurable earnings has increased from $ 88,500 in 2017 to $90,300 for 2018, this does take away some of the potential $ gains for payroll on employees over that ceiling from previous year

 

RATE GROUP

DESCRIPTION

2018 PREMIUM RATE ($)

2017 PREMIUM RATE ($)

PERCENT CHANGE

 

 

 

 

 

704

Electrical and Incidental Construction Services

3.15

3.4

-7.4%

707

Mechanical and Sheet Metal Work

3.75

4.05

-7.6%

711

Road Building and Excavating

4.5

4.87

-7.6%

719

Inside Finishing

6.15

6.65

-7.5%

723

Industrial, Commercial & Institutional Construction

4.07

4.4

-7.5%

728

Roofing

12.59

13.62

-7.6%

732

Heavy Civil Construction

5.98

6.47

-7.6%

737

Millwrighting and Welding

5.88

6.36

-7.5%

741

Masonry

11.29

12.21

-7.5%

748

Form Work and Demolition

14.59

15.75

-7.6%

751

Siding and Outside Finishing

8.15

8.82

-7.6%

755

Non-Exempt Partners and Executive Officers

.19

.20

-7.5%

764

Home Building

7.24

7.83

-7.5%

 

Insurable earnings Ceiling

$90,300.00

$88,500.00