with lower than expected claims costs, while also providing a surcharge
on top of premiums paid where costs are higher than expected. This in
turn provides a incentive for employers to improve their health and
safety practices.
NEER is also a factor in marketplace competitiveness, as it compares
employers in the same business classification. Thus, if one employer
is in a position of receiving a refund of a portion of their WSIB premiums
and a competitor is in a position of having a surcharge assessed in addition to their premiums, the employer receiving a refund has additional funds available to conduct their business – a distinct competitive advantage.
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