Premium Rates & How They’re Set 2017-12-05T11:39:44+00:00

Premium Rates & How They’re Set

Premium rates are determined using two key components: claims costs and payroll.
The costs associated with workplace injuries that have occurred in the past help us project what future claims costs will be. Payroll is the second component that factors into the determination of premium rate calculation. Payroll is collected for all workers in all industries subject to coverage under the Saskatchewan Workers’ Compensation Act up to the maximum assessable per worker.

The rate setting process ensures today’s employers pay for cost of today’s claims. So premiums collected in a rate year cover all current and future costs related to claims occurring in that rate year.

  • An actuarial rate model is used to determine annual industry premium rates
  • Projects expected claims costs for upcoming year
  • Industry premium rate = costs / payroll

Premium rates are set annually and are per $100 of assessable payroll based on the maximum assessable earnings for that year.

Download 2018 Premium Rate Summary Sheet
Rate Code Rate Code Description (PDF) 2017 2018 Change from 2017 to 2018
A11 Light Agricultural Operations 2.82 2.82 0.0%
A21 Farming and Ranching 1.70 1.35 -20.6%
A31 Grain Elevators and Inland Terminals 0.70 0.66 -5.7%
B11 Construction Trades 1.52 1.52 0.0%
B12 Residential Construction 2.64 2.55 -3.4%
B13 Commercial, Industrial Construction 1.97 1.91 -3.0%
C12 Light Commodity Marketing 0.58 0.58 0.0%
C32 Grocery, Department Store, Hardware 1.07 1.05 -1.9%
C33 Wholesale, Chain Stores 1.59 1.51 -5.0%
C41 Co-operative Associations 1.32 1.16 -12.1%
C51 Lumber Yards, Builders Supplies 2.18 1.92 -11.9%
C61 Automotive and Implement Sales and Service 1.13 1.03 -8.8%
C62 Automotive Service Shops, Towing 1.78 1.57 -11.8%
D32 Operation of Oilwells 0.67 0.45 -32.8%
D41 Oilwell Servicing 1.40 1.37 -2.1%
D51 Service Rigs and Water Well Drilling 1.61 1.35 -16.1%
D52 Seismic Drilling 1.86 1.47 -21.0%
D71 Open Pit Mining 0.87 0.65 -25.3%
D72 Underground Softrock Mining 0.73 0.71 -2.7%
D73 Underground Hardrock Mining 0.79 0.79 0.0%
G11 Post Secondary Education 0.41 0.38 -7.3%
G12 Elementary and Secondary Education 1.17 1.18 0.9%
G22 Health Authority, Hospitals and Care Homes 1.60 1.60 0.0%
G31 Cities, Towns, Villages and Rural Municipalities 1.20 1.19 -0.8%
G51 Government of Saskatchewan and Ministries 1.30 1.23 -5.4%
M31 Manufacturing, Pipeline Operations 0.46 0.45 -2.2%
M33 Refineries and Upgrader 0.72 0.67 -6.9%
M41 Dairy Products, Soft Drinks 2.40 2.40 0.0%
M42 Bakeries, Food Preparation and Packaging 1.56 1.37 -12.2%
M62 Mills, Semi Medium Manufacturing 2.00 1.84 -8.0%
M72 Processing Meat, Poultry and Fish 2.48 2.43 -2.0%
M81 Metal Foundries and Mills 1.59 1.36 -14.5%
M91 Agricultural Equipment 1.52 1.52 0.0%
M92 Machine Shops, Manufacturing 1.44 1.44 0.0%
M94 Iron and Steel Fabrication 1.97 1.97 0.0%
R11 Road Construction and Earthwork 1.73 1.67 -3.5%
S11 Legal Offices, Financial, Drafting 0.15 0.15 0.0%
S12 Offices, Professionals 0.23 0.23 0.0%
S14 Unions (Premium assessed on per delegate basis) 6.00 6.00 0.0%
S21 Community and Social Services 1.03 1.03 0.0%
S22 Restaurants, Catering, Dry Cleaning 0.82 0.83 1.2%
S23 Hotels, Motels, Taxis 1.49 1.52 2.0%
S32 Personal, Business and Leisure Services 1.07 1.07 0.0%
S33 Caretaking, Park Authorities 1.05 1.05 0.0%
S41 Engineering, Testing and Surveying 0.33 0.33 0.0%
T42 Trucking, Courier, Commercial Bus 3.18 3.10 -2.5%
T51 Operation of Railways 1.28 0.99 -22.7%
T61 Commercial Air Transportation 1.01 0.77 -23.8%
U11 Telecommunications 0.43 0.40 -7.0%
U31 Electric Systems 0.74 0.55 -25.7%
BOARD LEVEL 1.24 1.19 4.0%