Each October, we mail you a rate letter. The letter provides you with your current rate and your rate for the coming year. It also includes information about your classification and the rate range within it.  

 

Do I Need to Do Anything With the Information in My Rate Letter?

The rate letter is for information only and is not an invoice – you aren’t required to do anything or send us any payment.

Many employers use their rate letter to estimate their WCB costs for the upcoming year's budget. It's a simple calculation to determine your approximate WCB premium based on your rate and estimated payroll for the year.

 

In early January, you'll receive a request for Annual Payroll Information. This information is required by the last working day of February. We'll calculate your premium based on your rate and the payroll information you provide and send you an account statement based on your preferred payment schedule. 

 

Sample Rate Letter

Click on the numbered areas in the sample rate letter below to learn more. 

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The name of your business shown on your rate letter is the legal entity under which you operate. It may or may not be the same as the name you conduct your business under publicly.
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This is your WCB account number. It is helpful to have this number handy whenever you contact the WCB so we can easily find your account and identify you as an approved contact on the account.
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Your account classification was determined when you registered with the WCB and is based on the primary business activities you described for your business. If your activities change, please contact us. Each classification is assigned to a risk category. The risk category is based on the risk associated with your type of business based on historical information about the number and cost of injuries in a business like yours. Your risk category is a percentage of the WCB annual average assessment rate. The WCB average rate is multiplied by the risk category percentage to determine a base rate for your classification.
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Within each classification, employers pay more or less than the classification base rate according to their past claims costs. The range – how much more or less than the classification base rate it is possible to pay – is based on their size. Small and medium employers have a narrower rate range than large employers because they tend to have bigger changes in claims costs from year to year than larger employers. A narrower rate range protects small and medium employers against sharp changes in their rate caused by sharp changes in their claims costs. Large employers have more predictable claim costs from year to year and are more able to absorb the impacts of those costs due to their significant payroll levels. If you are a new employer or if you've added a new classification to your account, you will not have a rate range identified for your account or new classification yet because we don't have a history of payroll upon which to make the size determination. Instead, you will be provided the new employer rate until your own claims experience and payroll history can be used to set your size and corresponding rate.
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Employer size is based on your annual payroll figures and determines which rate range will apply to your account. Small - Employers with less than $750,000 in annual payroll Medium - Employers with annual payroll between $750,000 and $7.5 million Large - Employers with more than $7.5 million in annual payroll
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Your 2019 rate was calculated considering a number of factors. If your 2019 rate is different than you expected, <a href="https://www.wcb.mb.ca/did-your-rate-change-in-2019-this-may-be-why#">click here</a> to determine if one of the factors described might have had an impact on your rate. If you are a new employer or you've added a new classification to your account, you will be assigned the New Employer Rate until your own claims experience can be used to calculate your rate.
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Your 2018 rate is provided to give you a point of comparison to determine whether your rate went up, down or stayed the same.
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For 2019 we've introduced new risk categories. We began the transition of moving from nine risk categories to eighteen risk categories. The first phase of the process will involve moving classification codes who currently reside in risk categories that no longer exist to new risk categories. These classification codes have been moved to the most appropriate new risk category based on a review of the past three years of claims costs. The next phase of the transition will allow all industry classification to flow within the eighteen risk categories. Movement will be as a result of four years of rate model claims data. Employers will receive notifications of possible movement based on two year trends which will be part of 2020 Rate Setting. As such, movement will begin during 2022 Rate Setting.
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