Insights

No Time Loss (NTL) Claims Cost Threshold Increase 2019

Posted in: Claims Costs | Posted by Rebecca Ingram on January 15, 2019

Earlier this month, the WCB Alberta announced an increase to the cost threshold used to exclude No Time Loss (NTL) claims from the experience rating calculations that establish WCB premiums. The threshold is subject to annual review and although cost threshold increases are not usually a benefit to employers, an increase to the NTL claims cost threshold is. For claims occurring in 2019, the threshold will increase from $1,400 to $1,500. Claims occurring in 2019 will first be used for experience rating calculations in 2021. For NTL claims occurring in 2017 and 2018, the threshold is $1,400. For claims occurring in 2016, the threshold is $1,300. For claims occurring in 2015 and prior years, the threshold used is $1,000. What is an NTL claim? The WCB Alberta defines an NTL claim as a situation where, following a work-related accident, an injured worker returns to regular duties without losing time from […]

10 Things to Check on Your 2019 WCB Premium Rate Statement

Posted in: News & Announcements,WCB Premium Reduction | Posted by Rebecca Ingram on January 8, 2019

If you haven’t seen it already, your 2019 Premium Rate Statement should be available shortly. This statement not only advises you of the WCB Premium rate you have been assessed at for the coming year but provides you with the information used to calculate your rate. According to current information, the average WCB 2019 premium rate in has gone down in Saskatchewan, increased in Alberta and remained the same in Manitoba and British Columbia, as compared to the 2018 levels. The rate-setting process is complex and even the smallest change in the data used can have a significant impact on the number of premiums you pay. It is important to consider the following questions while reviewing your statement: Is your company name/address correct? Have your operations or business changed? Are you classified in the most appropriate Industry? Has your industry code changed? Are you being assessed a surcharge? For Alberta […]

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