Account Information

Workers Compensation Board of Prince Edward Island

Account Information

Approximately 5000 Island employers are protected by the worker's compensation system.

The system is funded entirely by PEI employers, based on the principle of collective liability.

The premiums Island employers pay are pooled into an accident fund. This fund is used to pay benefits to workers who are injured at work and to support the WCB's prevention and administration activities.

For the compensation system to run efficiently, it is important that you, as an Island employer:

Establish your coverage as legislated by the Workers Compensation Act.
Maintain your registration.
Make timely payments based on your assessment rate.

To assist you in managing your account, the WCB offers you the convenience of Online services. Online Services are easy to use, and are accessible any time on the Internet.

July 31, 2020

WCB Reports 2019 Highlights at Annual Public Meeting

The Workers Compensation Board (WCB) released its 2019 Annual Report at their Annual Public meeting this week. The 2019 Annual Report highlights were presented for the first time in a virtual meeting format. “We are pleased to report on the highlights from the past year,” said WCB Board Chair Jim MacPhee. “In 2019, we had a strong financial performance and an effective funding policy, and we feel that we have struck a careful balance of benefit enhancements for injured workers and financial sustainability for employers who fund the system. While 2019 was a strong year, we are facing unprecedented circumstances now in 2020, and the potential economic impact of COVID-19 on future financial performance remains to be seen.” In 2019, the WCB introduced two new programs, including the Annuity Program to modernize and broaden how WCB compensates for loss of pension income, and the Direct Access to Physiotherapy program which provides injured workers more timely access to the support they need to recover faster. Additionally, several policy changes were made to enhance the benefits under Transportation Assistance, Review of Benefits, Clothing Allowance and Return to Work policies. To continue WCB’s efforts to build a culture for safe and healthy workplaces, 2019 brought about a launch of a new mobile app to provide instant access to common health and safety topics, and the initial work was done to bring about workplace harassment legislation which became effective in July 2020. “We are pleased to report on the many accomplishments of this past year, and we continue to strive toward delivering strong client-centered services and supports. Our 2019 employer satisfaction survey and return-to-work survey results show an improvement in our stakeholder interactions, and we are proud of that,” said WCB Chief Executive Officer Cheryl Paynter. “COVID-19 has brought many unexpected challenges, and we have been able to build some flexibility into helping our stakeholders, including offering more electronic service delivery options and deferring employer assessments to September.” 2019 Stats at a Glance6,115 assessed employers1,984 claims adjudicated Employer Satisfaction Index increased to 90.9 in 2019 from 84.7 (2017) Funded Status of 147.8% as of December 31, 2019, up from 146.3% in 2018$20 million surplus distribution to employers In 2019, the WCB had investment gains of $28.3 million dollars (+14%)Average assessment rate down to $1.58, from $1.60 in 2018 For more information or to read a full copy of the 2019 annual report and 2019 audited financial statements, visit the WCB website at www.wcb.pe.ca.

July 30, 2020

New WCB policy

The WCB Board of Directors has approved a new policy, Decision Making (POL-160). The new policy combines content from WCB policies, Benefit of Doubt (POL-62), New Evidence (POL-83) and Weighing of Evidence (POL-68), and as a result these policies have been rescinded. The WCB thanks all stakeholders who participated in the consultation process.

View All