Procurement Acronyms

WCB (Workers’ Compensation Board)

WCB (Workers’ Compensation Board)

The Workers’ Compensation Board (WCB) is a national insurance program which provides benefits to workers who are injured, and/or become ill due to their work. The WCB provides financial support for medical treatment, lost wages, death benefits as well as assistance in rehabilitating injured workers and returning them to the workforce. It is an important part of managing supply chain risk and must be taken into account when conducting procurement activities.