How to calculate Workers' Compensation premiums in Saskatchewan

How do you determine what your Workers' Compensation insurance premiums will be in Saskatchewan? If you operate a business in Saskatchewan and you have workers (independent contractors or employees) you will likely need to register for Workers' Compensation insurance with the Workers' Compensation Board of Saskatchewan. Once you have an account, you will have to pay annual insurance premiums. The premiums are based on a few different factors which include the industry of the business, the value of annual payroll, and the history of the insured business. WCB Industry Classifications - https://www.wcbsask.com/classification WCB Information Brochure - https://www.wcbsask.com/sites/default/files/2024-09/Information%20for%20employers%20brochure.pdf Book a free 1-on-1 consultation with Josh: https://magnaltus.com/consultation Business Startup Checklist: https://magnaltus.com/documents Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #saskatchewanbusiness #workerscomp