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2010 - Rate Group DD

2010 Actuarial rate: $3.28 (per $100 of assessable payroll)

Actuarial rate history:

2010:		$3.28
2009:		$2.98
2008:		$2.96

Industry group:

DD01 - General Construction

Classification unit:

CU #	CU name	2010 Rate	2009 Rate
721003	Blasting or Avalanche Control	$3.28	$3.04
721017	Dredging	$3.29	$3.05
721031	Land Clearing, Excavation, or Site Surface Preparation	$3.25	$3.01
721056	Water Well, Foundational, or Directional Drilling	$3.24	$3.00

Industry group:

DD02 - General Construction

Classification unit:

CU #		CU name		2010 Rate	2009 Rate
721038		Oil or Gas Pipeline Construction or Repair		$3.41	$3.16

¹	Newly created classification unit.
²	New member for this industry group.

Cost components for Rate Group DD

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.

	2010		2009
Cost rates	Rate		Rate
Short term disability	0.541		0.518
Long term disability	0.611		0.660
Survivor benefits	0.110		0.089
Health care	0.532		0.524
Vocational rehabilitation	0.104		0.090
	------		------
Average benefit cost rate	1.90	^*	1.88	^*
Claim administration	0.51		0.50
Accident fund adjustment	0.31		0.29
Penalty and ER imbalance adjustment	0.14		0.13
Other administration costs	0.38		0.39
	-----		-----
Total cost rate	3.24		3.19
Amortization adjustment	0.04		-0.21
	-----		-----
Actuarial rate (per $100 of assessable payroll)	3.28		2.98

(Without adjustments for direct charges relating to industry-funded initiatives, prevention inspection exemptions, or funding policy requirements, if applicable.)
* Rounded to two decimal places

Key trends for Rate Group DD

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.

Multi-year trend information for Rate Group DD

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
Injury rate	3.9	3.5	3.4	3.5	3.6	-7.7%	2.9%
Total duration	67.5	70.5	64.6	59.4	63.6	-5.8%	7.1%
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%
Survivor benefits	$347	$320	$1,222	$727	$813	134.3%	11.8%
Health care	$3,009	$5,363	$4,287	$3,520	$5,595	85.9%	58.9%
Vocational rehabilitation	$456	$522	$708	$739	$1,167	155.9%	57.9%
Total costs	$11,547	$15,197	$16,070	$12,875	$18,840	63.2%	46.3%

Rate data (in millions)	2004	2005	2006	2007	2008	Change 2004-2008	Change 2007-2008
Assessable payroll	$520	$610	$728	$775	$834	60.3%	7.6%
Accumulated payroll	$654	$728	$825	$838	$854	30.6%	1.9%

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