In the fall, the WCB provides you with an annual rate statement that explains your current rate and what your rate will be in the upcoming year. Your annual rate statement will also have information about your industry classification and the rate range for your business size.
Your annual rate statement is not an invoice or an account statement and you do not need to make any payment at this time – it is simply information we provide to help you plan for the year ahead.
Learn more about how to read your annual rate statement.
Many employers are curious about how their rate compares to the rates of similar businesses. The new annual rate statement tells you exactly where your business falls amongst your competitors.
In order to decide how businesses are ranked, we look at employers who do similar work and have a similar payroll size. For example, if there are 100 employers in your classification of a similar size and there are 35 employers who are paying a lower rate, your ranking will reflect this.
Your rate is affected by two things:
- total claims costs your business experienced
- the overall performance of your industry
If your rate has gone up, it means that either your costs are higher than the average, or your industry classification’s performance has declined. When we set rates, we use the claims costs from the last three calendar years of claims.
Learn more about claims costs and how they affect rate setting.
The best way to reduce your WCB rate is to:
- improve safety and health at your workplace
- strengthen your Return to Work efforts
These two factors not only contribute to your individual claims costs, but also the overall performance of your industry classification.
Learn more about how you can improve your WCB costs.
Industry-Based Safety Programs
Industry-Based Safety Programs (IBSPs) will work closely with your business to guide and support you in developing your safety and health efforts.
Your rate statement will tell you which IBSP your business is aligned to. If you are not aligned with an IBSP, you can access training and services from SAFE Work Manitoba.
Current IBSPs include:
- Manitoba Heavy Construction Association WORKSAFELY™ (MHCA)
- Construction Safety Association of Manitoba (CSAM)
- S2 Safety – Sales and Service Safety Association (S2 Safety)