Wsib | Clearance Certificates
In Ontario, a (often referred to simply as a "clearance") is a critical document that proves a business is registered with the Workplace Safety and Insurance Board (WSIB) and that their account is in good standing. What is a WSIB Clearance Certificate?
The primary purpose of a clearance certificate is to from financial liability. Clearances | WSIB wsib clearance certificates
While construction is the primary focus, clearance certificates are relevant in other industries where mandatory WSIB coverage applies, such as health care, manufacturing, and trucking. However, in those sectors, liability does not automatically flow up the contracting chain. Nonetheless, any business that hires independent contractors or subcontractors in a mandatory coverage industry should request a clearance certificate as a best practice. Additionally, when buying or selling a business, a WSIB clearance certificate for the target company is a key due diligence item; it confirms that there are no hidden liabilities for unpaid WSIB premiums that would transfer to the new owner. In Ontario, a (often referred to simply as