WCB insurance protects you and your employees in the event of a workplace injury or illness. Workers compensation insurance covers wages while your worker recovers, pays for extended healthcare benefits and protects you from lawsuits. We have a video that helps explain it even further.
WCB premiums are based on a combination of the risk of incurring claims costs and the value of what is insured. We define risk as the potential cost of future workplace injuries (based on the costs of past claims) and determine value using the assessable payroll of your workforce.