![]() Starting in 2024, our policies for premium rate setting under the new model will be fully in effect. In 2023, businesses with a projected premium rate increase will move up a maximum of two risk bands from their prior year risk band (approximately 10 per cent).*Īny projected decreases due to your individual and/or class risk and experience will be applied in 20 (subject to transition funding, and other rate adjustments).In 2022, businesses with a projected premium rate increase will move up a maximum of one risk band from their prior year risk band (approximately five per cent).*.Any projected increases due to your individual and/or class risk and experience will be applied as follows: We have updated our approach to smoothly transition all businesses to our rate-setting model following the rate hold in 2021. *Please note all claims and insurable earnings data is as of Transition #Tableau public premium price how toLearn more about how to read your statement. You can view your 2022 individual premium rates by logging in to our online services and selecting "analyze your rates and past claims costs.” New businesses are assigned the class rate of the class/subclass they are placed in based on their business activity.
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