NEWSLETTER October 2016 What’s New? New information on the Yukon Chamber Website! Online Newsletter – You can now view past and present monthly newsletters online. On the YCC website select the Media tab and choose YCC newsletters. 5 Minutes of Business - The Canadian Chamber of Commerce byweekly releases a publication written by Hendrik Brakel the Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. To view these publications through the YCC website select the Media tab and choose 5 Minutes of Business.
News & Events Featured Events: Election Debate Oct 27 @ Best Western Gold Rush Inn – Town Hall Room Budgeting for your business & your family Nov 03 & 09 - 6:30pm Keep an eye on our website and Facebook for event details
Biz Pal – Are you a new business? Follow the link to Biz Pal on the YCC website home page. - It's free - Search for the permits and licenses you may need -
to start or grow your business. Save time and money — Spend less time searching for information and more time building your business. Improve business planning — Know which permits and licenses are needed so that you get it right the first time. Get answers — Available 24/7 to help you navigate government requirements specific to your business type.
Welcome New Member:
Come See Us! Suite 205, 2237 – 2nd Ave Whitehorse, YT Y1A 0K7
Q&A on Reporting of Workplace Injuries Q: Are health-care providers told to ask, “Is this a work-related incident?” Are they expected to accept the answer at face value? A: Health-care providers ARE told to ask, “Is this a work-related incident?” They are not expected to simply accept the answer at face value. They are encouraged to follow up with additional questions and to use their judgement to interpret the responses . They are told to confirm or correct the initial statement that it is a work-related incident on the basis of all info collected.
Q: If an incident initially described as work-related turns out not to be work-related, does the incident STILL count as a workplace incident for YWCHSB stats? Is it included in the number on the sign out front of the building? A: Only legitimate workplace incidents are included in the stats or shown on the sign. Q: So what explains the difference between the number of ‘lost-time injuries’ and the number of ‘claims’? A: ‘Lost-time injuries’ include all reported injuries involving time off beyond the day of the injury. An incident that, luckily, results in a minor injury that involves no time off beyond the day the event occurs still exists as a claim. Medical providers – the doctor who examined the patient, physiotherapists, psychologists and others - must still be paid when they render services to the worker. Workplace injury visits are paid by the compensation system, not through the public medical system. So, the number of claims will always be greater than the number of losttime injuries since it includes all of those plus the injuries that did not result in time lost beyond the day of the incident. As well, the incident must be tracked because, however minor the injury, it points to a breakdown in safety systems on a worksite. Such information is valuable in tracking and preventing more serious workplace injuries.
Q: YWCHSB uses the number of claims to justify higher assessment rates, right? A: Actually, the number of incidents has no bearing on assessment rates. It is the cost of claims that determines assessment rates. Those costs are verified and analyzed by third-party experts that use comprehensive financial models to determine the long-term costs of occupational diseases, injuries and death benefits.
Q: Is another reason for medical staff asking, “Is this a work-related incident?” to save the Yukon Hospital Corporation (YHC) money by getting employers to carry the burden of the healthcare costs? A: In fact, there is no cost impact on YHC either way. If an injury is not the result of a workplace accident, the medical costs are covered by YHCIP in the Department of HSS. If it is a workplace injury, then YWCHSB (which yes, is funded by employer contributions) covers the costs. YHC does not pay for the care either way.
Q: Is the reason YWCHSB has so much money that they have been overcharging employers for years? A: Every year, employers must buy insurance from the Yukon Workers' Compensation Health and Safety Board. That insurance shields them from lawsuits that could otherwise bankrupt their businesses, destroying industry and jobs. The insurance also provides excellent medical care to employees and loss of earnings benefits if they are not able to immediately return to work. That is the service employers buy. The price is based on the cost of injuries in their industry group. When there are expensive injuries in their industry, rates increase to cover those costs. When there are no injuries, rates come down. The money paid by employers goes into the Compensation Fund, which is cooperatively managed by local representatives of business and labour. The fund exists solely to benefit Yukon men and women injured on the job. It pays for their recovery and expenses. Those costs are clear. That is what a business’s assessment rates cover – the full cost of injuries in their industry. Yukon Workers' Compensation Health and Safety Board has not been overcharging employers. However, in recent memory, business and labour have done an excellent job managing that fund together. The Compensation Fund has been invested well. It has often exceeded benchmarks set for investments. That means the Compensation Fund now has more money than it requires to care for every Yukoner injured on the job. As a result, in each of the last seven years, assessment rates have been subsidised by the return of excess money in the fund. The average rate for 2017 announced earlier this year is also subsidised. These subsidies are reducing the fund’s balance in a measured way. YWCHSB paid employers $10 million in rebates in 2015. This also reduced the amount in the fund. The intent is to gradually reduce the subsidies on the rates and also reduce the surplus to zero. Once both of those objectives have been met, the fund will still have enough money to care for every Yukoner injured on the job. Assessment rates will reflect the full cost of the system.
Putting you in touch with Yukon businesses. http://www.directoryyukon.com To find a Yukon business, simply enter a keyword, business name, category or location using the search fields. To register your business click “Register Your Business” in the top right hand corner. For more information, or to edit an existing business listing, please contact Yukon Chamber of Commerce 1-867-667-2000 or by email firstname.lastname@example.org
The Yukon Chamber of Commerce would like to recognize Air North as they have been a member since 1994. Thank you to all our members for your ongoing support for the efforts of the Yukon Chamber…. It’s your memberships that allow us to do the work we do for the Yukon Business Community.
Yukon Chamber of Commerce Suite 205, 2237 – 2nd Ave Whitehorse, Yukon Y1A 0K7 email@example.com 867.667.2000 www.yukonchamber.com