Who We Are and What We Do
We are legislated by the provincial government of Ontario and are responsible for administering the Workplace Safety and Insurance Act, 1997. We are completely funded by employer premiums, and to a lesser degree, the income we earn on our investments. The province does not provide us with any funding. We are a trust agency that is governed by an independent board of directors made up of representatives from employers, workers and others.
The WSIB administers the province’s no-fault workplace insurance system for Ontario workplaces. We provide return to work, medical coverage, and wage loss benefits for workers injured on the job or contracting occupational diseases, for Schedule 1 and 2 employers.
Schedules 1 and 2
Employers who are registered with the WSIB, are covered under either Schedule 1 or Schedule 2 of the Workplace Safety and Insurance Act, 1997 (WSIA). By the Numbers presents 10 years of statistics on Schedule 1 and 2 separately.
Schedule 1 employers are:
- Those for whom the WSIB is liable to pay benefit compensation for workers’ claims;
- Required by legislation to pay premiums to the WSIB and are protected by a system of collective liability;
- Relieved of individual responsibility for actual claim costs, since the WSIB pays benefits to injured workers out of money pooled in the insurance fund.
Schedule 2 employers are:
- Employers who self-insure the provisions of benefits under the WSIA;
- Liable to pay all benefit compensation and administration costs for workers’ claims. The WSIB administers the payment of benefits for workers of Schedule 2 employers and recovers the cost of these benefits plus administration fees from the employers.