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2010 Actuarial rate: $3.28 (per $100 of assessable payroll)
|Actuarial rate history:||
|Industry group:||DD01 - General Construction|
|Industry group:||DD02 - General Construction|
|1||Newly created classification unit.|
|2||New member for this industry group.|
The information presented below for this rate group provides a breakdown of the various costs involved in determining the actuarial rate. WorkSafeBC generally limits any resulting rate changes to 20 percent to dampen the financial impact to industry groups which might be significantly affected. The 2010 base rates have been limited to a maximum 8% increase in recognition of the recent extreme economic downturn producing severe financial stress on many employers in B.C. Please refer to this rate group's main page to determine base rates for member classification units.
These graphs show trends in the performance of your rate group. To see a consolidated five-year performance picture, see your multi-year trend information.
To understand the terminology used in these graphs, view the explanation of trend terms.
For further interpretation of these graphs, contact WorkSafeBC.
What trends is your rate group experiencing? This chart provides a history of your rate group's performance.
To understand the terminology used in this chart, view the explanation of trend terms.
|Key indicators||2004||2005||2006||2007||2008||Change 2004-2008||Change 2007-2008|
|Average weekly wage||$801||$794||$841||$879||$934||16.6%||6.3%|
|Number of claims||577||599||672||698||696||20.6%||-0.3%|
|Cost history (in thousands)||2004||2005||2006||2007||2008||Change 2004-2008||Change 2007-2008|
|Short term disability||$3,571||$3,808||$4,175||$3,876||$5,581||56.3%||44.0%|
|Long term disability||$4,164||$5,184||$5,678||$4,013||$5,684||36.5%||41.6%|
|Rate data (in millions)||2004||2005||2006||2007||2008||Change 2004-2008||Change 2007-2008|
|Benefit cost rate||2004||2005||2006||2007||2008||Change 2004-2008||Change 2007-2008|
|(Per $100 of payroll)||1.76||2.09||1.95||1.54||2.21||25.6%||43.5%|
|Average benefit cost rate for calculating the 2010 base rate:||$1.90|
|Number of years used to calculate average benefit cost rate:||3|