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All workers' compensation agencies have Experience Rating programs. Explain the main purpose and goals of an Experience Rating Program, as well as the qualifications for participation. Discuss any...

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All workers' compensation agencies have Experience Rating programs. Explain the main purpose and goals of an Experience Rating Program, as well as the qualifications for participation. Discuss any safety incentive programs in place in your organization. If you are not currently employed, what safety incentive programs would you suggest an organization implement?
(this is a Canadian payroll question, when answering the question, please refer to Canadian info but not US. approx 100 words))
Answered Same Day Dec 25, 2021

Solution

Robert answered on Dec 25 2021
120 Votes
Running Header: EXPERIENCE RATING PROGRAM IN CANADA – PURPOSE / GOALS,
APPLICABILITY & SAFETY INCENTIVE PROGRAM 1
Experience Rating Program in Canada – Purpose / Goals, Applicability & Safety Incentive
Program
Experience Rating Program in Canada – Purpose / Goals, Applicability & Safety Incentive
Program 2
Experience Rating Program in Canada – Purpose / Goals, Applicability & Safety Incentive
Program
Experience rating programs (“ERP”) at a fundamental level are intended for attaining greater
levels of insurance equity with respect to premium pricing concerning the Schedule 1 employers
on the basis of their respective...
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