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WorkSafeBC announces that employers’ 2010 average base rates will remain the same as the last two years at $1.56 per $100 of employers’ assessable payroll. These are the lowest rates in 30 years, down from $2.29 in 1996.
WorkSafeBC recognizes the financial hardship that the current economic climate has imposed on many employers in BC. In response, WorkSafeBC has determined that no industry will experience a base rate increase of more than 8 percent between 2009 and 2010. Any premium shortfalls that arise will be incorporated into the rates of those industries in 2011 and beyond when it is anticipated employers will be better able to absorb an increase.
The average published base rate is a composite of rates in 66 individual rate groups which are compilations of various classification units.
Employers’ insurance premium rates are based on the claims cost (or safety) history of their industry and similar employers, and on individual performance. In 2010, 41 percent of employers will see their base rate decrease, 54 percent of employers will see their base rate increase and 5 percent will see their base rate remain the same. No employer will witness a greater than eight percent increase to their base rate.
View the 2010 rates
Industries with base rate decreases
Rate decreases are announced for auto dealers, insurance and accounting, home support services, open pit mining, painting, plumbing and finishing carpentry.
Industries with base rate increases
Industries whose rates are to increase include restaurants, supermarkets, house construction, engineering, sawmills and paper mills, bus lines, couriers, dump trucks, oilfield contracting and most of health care services.
Trucking, forestry, commercial construction, public schools, local government, and computer consulting will see that their rates remain virtually unchanged or will incur modest increases.
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