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Proposed policy amendments regarding compensation of principals
The principal of a corporation or other similar entity is generally a worker under the Workers Compensation Act. Unlike other workers, where a principal "receives nominal or no wages for the work done", policy sets out that the principal receives wage loss benefits based on an estimate of a reasonable wage for the work. In these situations, a principal's firm pays little or no premiums in respect of the coverage received. At issue is a review of policy on the composition of principals' earnings to determine if policy should continue to treat principals differently from other workers.
At their meeting on May 23, 2007, the Board of Directors approved the release of a discussion paper with options and proposed policy amendments to stakeholders for comment. Proposed deletions of policy wording are identified with a strikethrough and additions are identified in bold.
Discussion paper (PDF 126kb)
There are a number of ways for stakeholders to provide feedback on the options and draft policy amendments:
(a) Comment link:
Through the Comment link below, you will be able to provide immediate feedback by completing an online submission form.
Please note: Once you click the “submit” button at the bottom of the form you cannot access it again to make additional comments. Therefore, if you wish to make detailed comments in the feedback section, you may want to draft your comments using a word processing format and then cut and paste them into the submission form.
Alternatively, submissions can be submitted as follows:
| (b) | E-mail: | policy@worksafebc.com |
| (c) | Mail: | Cameron Angus Senior Policy Analyst Policy and Research Division WorkSafeBC PO Box 5350 Station Terminal Vancouver, BC V6B 5L5 |
| (d) | Fax: | 604 279-7599; or toll-free in B.C. 1 877-279-7599 |
The consultation period will end on August 17, 2007. The Board of Directors will consider stakeholder feedback before making a decision on policy amendments.
Please note that all comments become part of the Policy and Research Division's database and may be published, including the identity of organizations and those participating on behalf of organizations. The identity of those who have participated on their own behalf will be kept confidential according to the provisions of the Freedom of Information and Protection of Privacy Act.