The amount an employer must pay the Commission each year is called an assessment. Employers pay assessments based on the earnings of their workers (full-time, part-time, casual, contract workers and directors of incorporated companies), except those workers excluded by regulation.
In general, your annual assessment is determined by your assessment rate and your assessable earnings. Assessments are calculated based on assessment rates per $100 of assessable earnings. Assessable earnings are replaced by alternate units of measurement for those employers involved in the logging industry or fishing industry. The following is an example of an annual assessment calculation.
SAMPLE CALCULATION – Annual Assessment
For example, the 2016 base rate for a gasoline station is $1.35 for every $100 of payroll. This means that an employer with an annual payroll of $50,000 will pay an assessment of $675.00 in 2016.
Assessment Rate/100 x Assessable payroll = Annual Assessment
$1.35/100 x $50,000 = $675
Note: There is a minimum assessment of $50.00 that an employer must pay in a calendar year. You may also incur financial penalties if you are late registering, reporting or paying for any year.
Employers who are eligible for the PRIME program may also have their assessments adjusted through refunds or charges depending on their prevention practices and claims cost experience.
Employers in the construction industry pay an additional levy to the Commission for the Newfoundland and Labrador Construction Safety Association (NLCSA). The NLCSA, in partnership with the Commission, has implemented this levy to provide funding for the NLCSA to work with the construction industry to promote a positive safety culture.