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In order to arrive at the compensation for these general damages, the insurer will multiple the special damages amount by one and a half to three times for minor injuries, and up to five for injuries that are long-lasting, more serious, or especially painful.
Premium = (Risk Factor * Sum Insured) / Coverage Period Sum Insured: the total amount of coverage required. Coverage Period: the duration for which the insurance coverage is valid.
Report your injury or illness if: you need treatment from a health professional (beyond first aid), or. youre unable to go to work, or. youre being paid less or receiving fewer hours of work, or. you require modified work at regular pay for more than seven calendar days.
About the Workplace Safety and Insurance Board. Ontarios Workplace Safety and Insurance Board (WSIB) plays a key role in the provinces occupational health and safety system.
We set an annual maximum for insurable earnings. For 2024, the annual maximum was $112,500. If youre closing an account in 2025, please use the annual insurable earnings maximum of $117,000.
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To calculate your premium, multiply your gross insurable earnings by your premium rate and divide by 100.

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