COMPENSATION A Guide for New Brunswick ... - WorkSafeNB

WorkSafeNB’s responsibility is to provIDE high qUALITyACCIDENT prevENTION, occupational health and safetyASSISTANCE, cost-EFFECTIve workers’ compensation andRELATED servICES to employERS and workers.Who pays for workers’ compensation?New Brunswick’s participating employers pay forworkers’ compensation. Registered employers aregrouped according to industry and associated risk, andare assessed a premium based on their rate group andyearly payrolls. Employers cannot collect compensationcontributions from workers.What is the principle of collective liability?The workers’ compensation system operates on theprinciple of collective liability for employers. That meansthe premiums collected from all assessed employers arepooled, and used to pay the present and future costsfor injured workers and the administration costs of thecompensation system. The system does not balance eachinsured employer’s payment exactly to their costs, butgroups and assesses employers by similar industry andaccident risk.3