Why do I need coverage?
The compensation system shields you from lawsuits that could cripple or bankrupt your business.
In Canada, the existing system dates back to 1913.
The idea was to have all employers establish a fund that would cover the cost of paying benefits to workers injured on the job.
In return for guaranteed compensation, workers have given up the legal right to sue you, as their employer or co-worker, for negligence that results in a workplace injury.
This is the “historic compromise” of the worker’s compensation system.
It is a no-fault system administered by the Yukon Workers' Compensation Health and Safety Board, a body independent from government comprised of members from labour and industry overseen by a neutral chair.