Work Comp Roundup - Reduce Your Workers Compensation ...

The Workplace Health, Safety and Compensation Commission (the Commission) for New Foundland/Labrador recently announced it is introducing an enhanced deferred payment plan which will allow all employers to spread payments throughout the year, interest-free. ?

?

According to a report from WHSCC, starting in 2012, all eligible employers will be able to spread equal payments more conveniently over the calendar year. The period from January to March is payment free for new assessment bills. For the remaining nine months employers may set up equal payment plans using pre-authorized debit. Employers can choose their assessment payment interval as weekly, bi-weekly, semi-monthly, monthly or quarterly. (WCxKit)

?

?

?The expansion and improved flexibility of the interest-free payment plan, is good for business and good for the Province of Newfoundland and Labrador,? said Paul Davis, minister of Service NL, and minister responsible for the Commission. ?The improved plan will be of particular benefit for sectors with seasonal variations in cash flow, such as construction, fishing, logging and tourism, and now will offer the interest relief for all employers regardless of size.?

?

Commission Chief Executive Officer Leslie Galway added the enhanced plan is one of many improvements in client service offered by the Commission. ?We are concentrating on improving service delivery in all areas of workplace health, safety and compensation,? said Galway. ?Employers have been asking for greater flexibility and we are pleased to be able to provide it.?

?

The Newfoundland and Labrador Employers? Council (NLEC) and the Canadian Federation of Independent Business (CFIB) support the enhanced deferred payment plan. (WCxKit)
?

The enhancement of the interest-free deferred payment plan shows recognition by the Commission of the financial impact that workers? compensation employer insurance premiums have on employers in this province. Any steps they take to minimize this impact are well received by our organization.? remarked NLEC Executive Director, Richard Alexander.

?

Author Robert Elliott, executive vice president, Amaxx Risk Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers Compensation costs, including airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. See www.LowerWC.com for more information. Contact: Info@ReduceYourWorkersComp.com.

?

Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.

?2011 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact? Info@ReduceYourWorkersComp.com.

This entry was posted on Tuesday, February 21st, 2012 at 9:33 pm and is filed under Canada Workers Comp, WC in Other Countries (International). You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Source: http://blog.reduceyourworkerscomp.com/2012/02/interest-free-deferred-payment-plan-available-in-canada/?utm_source=rss&utm_medium=rss&utm_campaign=interest-free-deferred-payment-plan-available-in-canada

ticket city bowl 2011 nfl playoff schedule cowboys vs giants dallas cowboys ndaa timberwolves weight watchers