The 5 Meredith Principles and The Historic Trade-Off
- lissa b
- Jul 2, 2023
- 1 min read
As we sit down for an interview, the air is abuzz with curiosity and expectation to learn more about Rick's philosophies and how they have shaped his success.
The 5 Meredith Principles and The Historic Trade-Off #wsib #workerscompensation #InjuredWorkers #WorkersCompIsARight#FullJusticeNOTHalfMeasures
"The Meredith Principles are based on:
No-fault compensation, which means workers are paid benefits regardless of how the injury occurred. The worker and employer waive the right to sue. There is no argument over responsibility or liability for an injury.Security of benefits, which means a fund is established to guarantee funds exist to pay benefits.Collective liability, which means that covered employers, on the whole, share liability for workplace injury insurance. The total cost of the compensation system is shared by all employers. All employers contribute to a common fund. Financial liability becomes their collective responsibility.Independent administration, which means that the organizations who administer workers’ compensation insurance are separate from government.Exclusive jurisdiction, which means only workers’ compensation organizations provide workers’ compensation insurance. All compensation claims are directed solely to the compensation board. The board is the decision-maker and final authority for all claims. These principles are a historic compromise in which employers fund the workers’ compensation system, and injured workers in turn surrender their right to sue their employer for their injury.
They are the foundation upon which the majority of Canadian workers’ compensation legislation is built."
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