(1) What should new employers do when they start their business? They should open an account with the WCB if the business is in a voluntary industry and they hire workers Make sure they have enough cash-flow to hire workers on an on-going basis New employers should wait for the WCB to contact them and tell them if they are working in an industry that is required by law to have WCB insurance New employers have 15 days from the time they hire their first workers to open an account with the WCB

When new employers start their business, they should take the following steps regarding Workers' Compensation Board (WCB) requirements:<br /><br />1. **Open an Account with WCB**: If the business is in a mandatory industry that requires WCB coverage by law, employers must open an account with the WCB within 15 days of hiring their first workers. This ensures compliance with legal obligations and provides necessary insurance coverage for employees.<br /><br />2. **Voluntary Industry Considerations**: If the business operates in a voluntary industry where WCB coverage is not legally required, it is still advisable to consider opening an account with the WCB if they hire workers. This can provide protection and benefits for both the employer and employees in case of workplace injuries.<br /><br />3. **Cash Flow Management**: Ensure there is sufficient cash flow to support ongoing employment costs, including wages, benefits, and any required insurance premiums such as those for WCB.<br /><br />4. **Proactive Approach**: Do not wait for the WCB to contact you. It is the employer's responsibility to determine whether their industry requires WCB coverage and to take appropriate action to comply with regulations.<br /><br />By taking these steps, new employers can ensure they meet legal requirements and protect their business and employees effectively.