The WSIB in Ontario, Canada, stands for the Workplace Safety and Insurance Board, an agency that administers insurance and compensation for Ontario workplaces, as stated by the WSIB. The agency is also responsible for certain workplace health and safety programs, according to the Ontario Ministry of Labour.Continue Reading
Almost all businesses in Ontario need to register with the WSIB within 10 days of hiring their first worker, explains WSIB. Registering with WSIB provides businesses with no-fault insurance and in many cases, prevents workers from suing businesses for negligence. Employers pay into a province-wide fund, according to UFCW Local 12R24, and premiums depend on a company's payroll and industry safety record.
The no-fault nature of WSIB insurance means that workers will get paid when either they or their employers are at fault, according to UFCW Local 12R24. The WSIB is focused on getting workers back to work as quickly as possible. Employers may hire a worker back into a different job if the worker is no longer physically capable of working in their previous position.
As of 2014, labour advocates claim that, under the management of CEO David Marshall, the WSIB is unfairly denying many workers benefits due to ill-defined rules regarding pre-existing conditions, reports the Toronto Star. However, the Conservative Party of Ontario believes that many WSIB programs remain overfunded and ineffective, according to the Canadian Broadcasting Corporation.Learn more about Insurance