Find your classification unit, industry, or rate
Every firm registered with WorkSafeBC is assigned a classification unit based on their main business undertaking. Others in your industry will share the same classification unit and pay the same base premium rate for their insurance.
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Search industry classification
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1Sector Construction
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2Sub-Sector General Construction
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3Classification Unit Steep Slope Roofing
Steep Slope Roofing
See more information about your classification unit, including a description of the types of employers covered, products produced, or services provided: Classification Unit 721051 All classification units within a given rate group share the same total cost rate. The information presented below provides a breakdown of the various costs involved in determining the charged base rate for this classification unit. Refer to the rate group cost components page for more information. (PDF 43 kb).
- Industries are put into rate groups to help predict claim costs and keep rates stable. See who is in your rate group: 19.
- Year: 2022
Rates
| Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Rates as a percentage of assessable payroll | 7.14 | 6.59 | 8.20 |
| Max wage per worker | $108,400 | $100,000 | $87,100 |
View information about your industry premium rate.
More Details
Less Details
| Cost components | Rate 2022 | Rate 2021 |
|---|---|---|
| Total cost rate | 11.93 | 10.73 |
| Amortization adjustment | -4.93 | -4.37 |
| Actuarial rate | 7.00 | 6.36 |
| Funding policy adjustment | 0.00 | 0.03 |
| Certificate of recognition incentive | 0.11 | 0.16 |
| Industry-funded initiatives | 0.03 | 0.04 |
| Prevention adjustment | 0.00 | 0.00 | Base rate | 7.14 | 6.59 |
To learn more:
- See how we determine each of the above cost components: Explanation of cost component terms.
- See a breakdown of the costs that we used to determine your rate group’s total cost rate: Rate group cost component.
- See how your rate group has performed in key areas that may affect your base rate, using data from the most recent five years: Rate group performance.
Improve your firm’s health and safety performance:
2024-05-21 20:24:46