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

Premiums

How much will my insurance cost?

How much will my insurance cost?

 Provide feedback

WorkSafeBC collects insurance premiums from employers to cover the cost of workplace insurance. As an employer, you are required to pay premiums, just as you would for any other insurance. Premiums are based on the assessable earnings of your workers. The premiums we collect from you pay the costs associated with work-related injuries and diseases, including health care, wage loss, rehabilitation, and administration.

The amount you pay is determined by this formula:

 

Premium =
 (base rate ± experience rating adjustment) x assessable earnings

100

 

 

 

For more information about how we set your rate, visit the following pages:

Classification
Learn how your firm is classified according to the kind of work you do.

Rate setting
See how we determine your rate.

Experience rating
Find out how working safely can lower your premiums.

Calculating your premiums
Find out how to report your assessable earnings and pay your premiums.

Get Flash PlayerTo view Flash media you must have Macromedia Flash Player installed on your system. To obtain a copy of the free plug-in visit the Macromedia web site.