This site will look much better in a browser that supports web standards, but it is accessible to any browser or Internet device.

WorkSafeBC

insurance banner

2011 - Rate Group AJ

2011 Actuarial rate: $1.01 (per $100 of assessable payroll)

Actuarial rate history:
2011: $1.01
2010: $0.96
2009: $1.14

Industry group: AJ01
Classification unit:
CU # CU name 2011 Rate 2010 Rate
741001 Aircraft and Aircraft Equipment Sales and Leasing $1.02 $0.98
764003 Auto Dealership or Auto Sales $1.01 $0.96

Industry group: AJ02
Classification unit:
CU # CU name 2011 Rate 2010 Rate
713025 Plastic Product Manufacture (by thermoforming, injection moulding, or other moulding processes (not elsewhere specified)2 $1.26 $1.35

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

 

Cost components for Rate Group AJ

For 2011, the membership of this rate group has changed. This is because industry groups and their associated classification units have moved between rate groups, based on the industry groups' sustained cost trends. WorkSafeBC generally limits rate changes to 20 percent to dampen the financial impact to industry groups which might be significantly affected. Please refer to this rate group's main page to determine base rates for member classification units.

2011 2010
Cost rates Rate Rate
Short term disability 0.317 0.291
Long term disability 0.242 0.213
Survivor benefits 0.005 0.007
Health care 0.202 0.182
Vocational rehabilitation 0.048 0.043
------ ------
Average benefit cost rate 0.81 * 0.74 *
Claim administration 0.20 0.18
Accident fund adjustment 0.11 0.12
Penalty and ER imbalance adjustment 0.02 0.00
Other administration costs 0.13 0.13
----- -----
Total cost rate 1.27 1.17
Amortization adjustment -0.26 -0.21
----- -----
Actuarial rate (per $100 of assessable payroll) 1.01 0.96
(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 AJ

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 AJ

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 2005 2006 2007 2008 2009 Change 2005-2009 Change 2008-2009
Injury rate 3.5 3.3 3.5 3.4 3.1 -11.4% -8.8%
Total duration 29.6 36.8 36.2 36.5 40.0 35.1% 9.7%
Average weekly wage $824 $851 $867 $906 $941 14.2% 3.9%
Number of claims 842 788 867 818 647 -23.2% -20.9%


Cost history (in thousands) 2005 2006 2007 2008 2009 Change 2005-2009 Change 2008-2009
Short term disability $3,007 $3,069 $2,974 $3,186 $3,734 24.2% 17.2%
Long term disability $1,996 $1,917 $2,019 $2,513 $3,008 50.7% 19.7%
Survivor benefits $300 $7 $8 $38 $95 -68.3% 150.0%
Health care $1,955 $1,896 $1,543 $1,914 $2,844 45.5% 48.6%
Vocational rehabilitation $418 $325 $303 $519 $685 63.9% 32.0%
Total costs $7,676 $7,214 $6,847 $8,170 $10,366 35.0% 26.9%


Rate data (in millions) 2005 2006 2007 2008 2009 Change 2005-2009 Change 2008-2009
Assessable payroll $869 $909 $972 $992 $943 8.6% -4.9%
Accumulated payroll $1,079 $1,072 $1,094 $1,057 $970 -10.1% -8.2%


Benefit cost rate 2005 2006 2007 2008 2009 Change 2005-2009 Change 2008-2009
(Per $100 of payroll) 0.71 0.67 0.63 0.77 1.07 50.7% 39.0%

Average benefit cost rate for calculating the 2011 base rate: $0.81
Number of years used to calculate average benefit cost rate: 3