What is the WSIB?

The Workplace Safety and Insurance Board (WSIB) is Ontario’s workplace compensation board. It offers wage-loss benefits, medical coverage, and support to help people after a work-related injury or illness. And they’ll help you get back to business as usual and your workers back to work safely.

Almost every business in Ontario must register with the WSIB. They have 10 days to do so after hiring their first employee. Any business who is legally required to register but does not, may be investigated, charged, or be forced to pay retroactive premiums. All of which can be disastrous for a small business.

Small Businesses and the WSIB

The WSIB is funded by tax deductible premiums paid by businesses. And it offers lots of benefits as a result. It gives you peace of mind through financial security and protection from costly lawsuits.

But employers also have some responsibilities to fulfill. And the fines for breaking these can be steep. The duties small business owners should be most aware of are:

Report workplace incidents to the WSIB within three days (with some exceptions) if the incident causes a worker to:

  • Lose time from work.
  • Earn less than a regular day’s pay.
  • Receive healthcare treatment.

You must keep records of any incidents, how they were handled, and the time it took for workers to recover.

You must report any material changes affecting your obligations to the WSIB within 10 days.

If you want to make sure you’re staying compliant or just have questions about the WSIB, give our friendly experts a call. They’re available 24/7 with the right advice to help you.

Have more questions about the WSIB?

If you need any help with the WSIB, we’re here 24/7 to support you. Our experts have the knowledge to help your business avoid fines and stay compliant.

Our advisors are always ready to answer any questions you may have about the WSIB or health & safety standards in Ontario. We are here to help set up your small business for success.

Call us at, 1-888-216-2550.