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.