Transfer of Assessment Rates and Claim Costs Experience on Change of Ownership

Policy Purpose

The purpose of this policy is to establish criteria for when an employer's assessment rates and Claim Costs Experience will follow the business on a change in ownership and be used to determine assessment rates for the new employer.  It is important to distinguish between when a business ceases to operate and when all or part of a business continues in substantially the same form under new ownership because the WCB sets assessment rates based, in part, on an employer's Claim Costs Experience.

Appendix A includes a glossary of commonly used terms.