Often times when people think of WSIB they think of a government mandated certification. It is sometimes viewed as another mandatory stipulation to a job that has little to no benefit in return. However, there are numerous benefits to receiving a WSIB certification for general contractors in Toronto such as coverage for home resident’s
If you are a home renovation contractor in Toronto, you are required to complete your WSIB clearance certificate. According to WSIB Ontario, the only exemption for workers in the construction industry is if you are exclusively working on private residences where you are hired and paid directly by the home’s residents.
Even if you can be exempt from the mandatory WSIB certification, it is still an important thing for renovation contractors in Toronto to consider. The most integral benefits to WSIB are their Loss of Earnings, Health Care Benefits, and Non-Economic Loss. In addition to this, WSIB will also compensate expenses that will help your return to work such as training and education if you cannot return to your previous job.
Loss of Earnings (LOE)
If you fall victim to a work-related injury, WSIB will provide you with payment to compensate your loss of income. This benefit is crucial for general contractors in Toronto as it will provide them with financial security if there are any unfortunate events at work that lead to injury. Even if you and your coworkers follow health and safety precautions religiously, sometimes work related injuries are inevitable. Loss of Earnings provides individuals with the ability to remain financially secure if an injury does occur.
Health Care Benefits
Health Care Benefits are one of the most important components of the WSIB certification. WSIB has a list of healthcare providers available on their website that is provided to workers who are WSIB certified. These range from nurse consultants to services that assist with recovering from soft tissue injuries. As a home renovation contractor in Toronto, health care benefits should be one of your top priorities and WSIB can make the process easier and more secure.
Non-Economic Loss (NEL)
NEL is provided to workers who have a permanent impairment that was obtained through work-related activities. NEL is available to workers who have reached their maximum medical recovery and are not showing any signs of improving. This coverage includes physical work-related injuries, psychological work-related injuries, and more. Renovation contractors in Toronto have to deal with a number of working conditions that could lead to the unfortunate case of permanent disability. WSIB’s NEL will provide security to workers to ensure they will remain financially secure if a situation like this does occur.
Royal Home Improvements offers award-winning service and experienced home renovation contractors in Toronto.