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WCB Announces 2021 Rates

via Alberta Construction Association  

The WCB Board of Directors approved the 2021 premium rates.  The 2021 average premium rate will remain $1.14 in lieu of changing conditions in the market, COVID-19 and economic challenges for Alberta’s businesses.  The actual required rate for 2021 is estimated at $1.36 which according to the WCB creates a funding gap of 22 cents. This gap will be covered by the Accident Fund.

You can find out more information about your industry rates at the following links:

Edit: WBC has an update regarding the 2020 deferral program please read:
https://www.wcb.ab.ca/insurance-and-premiums/

Article by Lena Hogarth
December 2, 2020

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