Employers can expect an average rate reduction of four per cent
Effective Jan.1, 2011, most businesses in New Brunswick with three or more employees will see a decrease in their provisional average assessment rate. Improved investment returns and reduced accident frequency and costs warranted an average rate reduction of four per cent, from $2.08 per $100 of payroll in 2010 to $2. The minimum assessment rate will also be reduced, from $0.35 per $100 of payroll to $0.32. Of New Brunswick’s 14,100 employers, 84 per cent will see their rate decrease.
“This is good news for all New Brunswickers. Injury costs play the largest part in determining assessment rates, so it means that New Brunswick’s workplace safety is improving,” said Doug Stanley, WorkSafeNB’s president and chief executive officer.
“This is good news for all New Brunswickers. Injury costs play the largest part in determining assessment rates, so it means that New Brunswick’s workplace safety is improving,” said Doug Stanley, WorkSafeNB’s president and chief executive officer.
