CAD-7 Program Overview CAD-7 is a prevention incentive program that applies to employers in the construction sector whose average annual premiums are more than $25,000. Through CAD-7, you can earn refunds on your premiums by maintaining a good health and safety record. If you have a poor health and safety record, you may be assessed surcharges. Experience rating program review - Update June 2008 As a part of our ongoing review of the Experience Rating program, the WSIB approved a series of new changes. For details on how we’re laying the groundwork for future progress, see our latest employer mailout (108k, pdf), Q&A (181k, pdf) and new policy 14-02-17, Fatal Claim Adjustment policy. Experience rating program review - March 2008 The WSIB is reviewing the Experience Rating program and has changed the way traumatic fatalities are treated. For details see the employer mailout (107k, pdf) and Q&A (178k, pdf). Program Details CAD-7 compares the number and cost of your company’s claims to the average for your rate group. (For example, if you are in rate group 732 – Heavy Civil Construction – you are compared only to other companies in that rate group.) Your company’s size is also taken into account. If the frequency and cost of your claims are lower than would be expected for a company of your type and size, you receive a rebate. If the frequency and cost of your claims are higher than would be expected for a company of your type and size, you are assessed a surcharge. Only claims up to five years old are included in your assessment. You are not penalized for long-term illnesses that are the result of hazards from long ago. (Examples of such illnesses are asbestosis and long-term hearing loss.) The impact of the plan increases with the size of your company. For example, the plan can adjust premiums by: - 15% for companies with 21,000 working hours, but by - 100% for companies with more than 100,000 working hours. This protects small companies from random fluctuations in claim rates, while providing strong incentive for large companies to maintain a safe workplace. Calculations are based on a two-year rating period. For more information, download the CAD-7 Guide (1.62mb) in Acrobat format. Or call 1-800-663-6639 or 416-344-1016, or e-mail:prevention@wsib.on.ca.