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Consultation on Proposed Changes to the Experience Rating System - The Excess Cost Surcharge Program
A review of the Experience Rating ("ER") system has identified that it does not appropriately rate firms that have significantly higher claim costs than other firms within their classifications over several years.
At issue is whether changes should be made to the Experience Rating system to impose an Excess Cost Surcharge on those firms with consistently higher claim costs than others within their classifications over several years. Under this proposed program, participating firms would be charged rates that more closely reflect their costs, starting in 2009.
At their meeting on July 17, 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 111kb)
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 November 9, 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.