2017 premium rates
WorkSafeBC announces that the average base rate for 2017 is dropping from 1.70% to 1.65% of employers' assessable payroll.
Lower claims costs, and strong investment returns, have enabled us to lower the average rate for 2017.
Together with worker and employer stakeholders, we're working to reduce serious injuries and enhance return-to-work opportunities. In doing this, we can collectively help to prevent injuries, improve return-to-work outcomes, and ultimately lower insurance rates.
How the rates are set
Employers are placed in one of 547 classification units with other similar businesses. These classification units are then placed into one of 46 insurance pools we refer to as rate groups.
Employers in each rate group pay the costs of injuries and diseases that occur to the workers within the group, with the intent that each rate group be self-sufficient with regard to compensation costs. This limits cross-subsidization between industries, maintains relatively stable insurance rates, and limits growth of unfunded liabilities in the rate groups.
Each year, costs in some rate groups go up, some go down, and others stay the same. This year, 58 percent of employers are projected to experience a decrease to their industry base rate, 30 percent an increase, and 12 percent little or no change.
Examples of industries with rate decreases include: Petrochemical Manufacture, Chiropractic Services, Catering, Dentistry, Ferries, Medical Offices, Short Term Care, House Construction, Oil Production, Oil Refining, Underground Mining, Public Transit, and Taxi.
Examples of industries with rate increases include: Pre-hospital Emergency Health Care, Courier, Fruit or Vegetable Packing, Construction or General Labour Supply, Veterinary Hospital, Ranch, Multimedia Services, Auto Dealerships, Dairy Farming, Traffic Control, Gas Utilities, Community Health Support Services, Bridge Construction, Convenience Stores, Hospitals, and Shipbuilding.
Example of industries with little to no change to their rates include: General Retail, Local Government, Printing, Landscaping, Long Term Care, Hotels, Building Construction, Road Construction, and Newspapers.
- Changes to the classification structure for 2017
- Average published base rate trend information for 2017 (in table or chart form)
- Find your classification unit, industry, or rate
- Special hazard classification units
- Maximum Assessable Earnings (Compensation-Related Maximum Wage Rates)