Yukon Workers' Compensation Health and Safety Board

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Policies

Policy EA-12 - Security Deposits

Effective Dates

January 1, 2010 and still in effect

Series

Employer Assessments

General Information

The payment of employer assessments is a critical component of the workers’ compensation system. This is recognized under the Workers’ Compensation Act S.Y. 2008 (the "Act"), which provides Yukon Workers’ Compensation Health and Safety Board (YWCHSB) with the ability to collect security deposits from employers, where appropriate, to ensure that sufficient funds are available to meet the employer’s assessment obligations.

Purpose

This policy clarifies the means YWCHSB will use, when necessary, to collect and release security deposits. Security deposits assist in the protection and integrity of the Compensation Fund from employers at a high risk of defaulting on their assessments.