Jan. 2, 2011 – A recently published report from the Canadian Federation of Independent Business (CFIB), reveals workers’ compensation boards in Canada are not meeting the needs of small businesses. A Small Business Assessment of
Workers’ Compensation assesses cost of premiums; claims management; experience rating; classification and assessment; coverage; long-term fiscal sustainability; and customer service.
No board received an overall score of seven or higher out of 10. Prince Edward Island fared best at 6.9. The boards representing the largest share of employers in the country – Ontario and Quebec – received the lowest scores at 4.0.
“Businesses are solely responsible for funding workers’ compensation through mandatory employer premiums.
Premiums are a tax on payroll that must be remitted, and the high cost of premiums can make it difficult for small firms to increase their employee wages, invest in their business and create jobs. It is crucial that boards take action based on findings in this report,” said Doug Bruce, CFIB’s vice-president, research.
Read the full report at www.cfib.ca.
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