WorkersCompensation.com's CompNewsNetwork: CANADA Newfoundland and Labrador Workplace Health and Safety Compensation Commission Reports Rates for 2010

CANADA Newfoundland and Labrador Workplace Health and Safety Compensation
Commission Reports Rates for 2010
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Republished with permission from ReduceYourWorkersComp.com on 01 November, 2009 09:16:38
 
WHSCC to Maintain Average Base Assessment Rate for Employers
The Workplace Health,  Safety and Compensation Commission (WHSCC) of New
Foundland and Labrador reports it is maintaining the average base assessment
rate of $2.75 for employers in 2010, and increasing the maximum compensable and
assessable earnings limit from $50,379 to $51,235. 
The assessment rate  is the rate paid by employers to cover anticipated claims
costs and the cost of administering the workers' compensation system. It is
based on the industry group in which employers are classified and the cost
experience of the group.
While the average  assessment rate remains unchanged, an estimated 58% of
employers will experience a rate decrease, while 42% will see an increase,
based on industry group performance. For 2010, the maximum increase or decrease
will not exceed 20%.
 
The increase  in maximum compensable and assessable earnings is based on the
consumer price index (CPI) and represents a 1.7% increase for 2010. Any injured
worker whose pre-injury earnings are at or above the new maximum compensable
limit will be compensated based on the new limit effective Jan. 1, 2010.  
(workersxzcompxzkit)
Serving over 16,000  employers and approximately 12,000 injured workers, the
WHSCC is an employer-funded, no fault insurance system that promotes safe and
healthy workplaces, provides return-to-work programs and fair compensation to
injured workers and their dependants. 
MAINE Employers to See Average of 7% Drop in WC RatesThe National Council of
Compensation Insurers in Maine is recommending an average 7% decline in
workers' compensation rates in 2010 for employers according to a proposal filed
with the state Bureau of Insurance. The report was filed because Maine
experienced fewer work comp claims.
A spokesperson for (NCCI) said if the proposal receives backing from the Bureau
of Insurance the average rate will decrease, with some employers seeing larger
decreases and others seeing increases. If the proposal is approved, the rate
change will take effect Jan. 1, 2010.
Author Robert Elliott -
executive vice president, Amaxx Risks Solutions, Inc. has worked successfully
for 20 years with many industries to reduce Workers' Compensation costs,
including airlines, health care, manufacturing, printing/publishing,
pharmaceuticals, retail, hospitality and manufacturing. He can be contacted at:
Robert_Elliott@ReduceYourWorkersComp.com or 860-553-6604. FREE WC IQ Test:
http://www.workerscompkit.com/intro/
WC Books: http://www.reduceyourworkerscomp.com/workers-comp-books-manuals.php
TD Calculator:
www.ReduceYourWorkersComp.com/transitional-duty-cost-calculator.php WC
Calculator: www.reduceyourworkerscomp.com/calculator.php
WC 101: www.ReduceYourWorkersComp.com/workers_comp.php
NEW ARTICLE Return to Work in Unionized Companies
http://reduceyourworkerscomp.com/Return-to-Work-Programs-Unionized-Companies.php
Do not use this information without independent verification. All state laws
vary. You should consult with your insurance broker about workers' comp issues.
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