2027 preliminary premium rates
WorkSafeBC announces that the average base premium rate for 2027 is $1.55 per $100 of assessable payroll, which has been maintained at the same level for a 10th consecutive year since 2018. Our strong financial position has enabled us to keep the average rate flat for 2027.
Together with workers and employers, we're working to reduce injuries and enhance return-to-work opportunities, helping to lower insurance rates.
- Find your rate
- How the rates are set
- Resources
- See also
COVID-19 claims costs and your insurance rate
Learn more about the approach taken by WorkSafeBC.
Find your rate
Our classification unit, industry, and rate search engine contains information on the premium rates for 2027, as well as information from previous years.
Find my classification unit, industry, or rate
You can learn more about changes to our classification structure by downloading the 2027 proposed classification unit changes.
How the rates are set
The Workers Compensation Act requires WorkSafeBC to set premium rates annually for employers in order to pay for the workers’ compensation system.
Employers are placed in one of 511 classification units with other similar businesses. These classification units are then placed into one of 56 insurance pools we refer to as rate groups.
Employers in each rate group pay the costs of injuries and diseases affecting workers in that group. The intent is for each rate group to be self-sufficient in covering its 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. In 2027, 30 percent of employers in B.C. will experience a decrease in their industry base rate, 48 percent will see their industry base rate increase, and 22 percent will see no change.
Examples of industries with rate decreases include: Distribution Centre, Farm Labour Supply or Farm Services, Vegetable Farming, Upholstering, Wooden Product Manufacture, White Mushroom Farming, Paper Product Manufacture, Helicopter Aerial Work, Landscaping, Lawn or Garden Maintenance, Fin Fish Farming, Custom Tailoring, Street Cleaning
Examples of industries with rate increases include: Parking Lot or Valet Parking, Fundraising or Charitable Organization, Residential Social Service Facility, Ski Hill, Asbestos Abatement or Mould Remediation, Warehouse Operation, Taxi Service and Ride-hailing Service, Restaurant or Other Dining Establishment, Specialized Public Transit Services
Example of industries with little to no change to their rates include: Graphic Design, Real Estate Agency, Television or Radio Broadcasting, Paper Shredding, Dry Cleaning Facility or Laundromat, Cemetery or Crematorium, Building or Home Inspection, Marine Ship Agency or Related Services, Research Services
Resources
Preliminary insurance rates for 2027
See the preliminary insurance rates for all industries in British Columbia in 2027.
Title
Proposed changes to classification units for 2027
Each year when we set premium rates for the next year, we review the current classification structure to ensure we continue to provide fair insurance rates. This document outlines the classification...
Title
Classification and rate setting structure changes
Each year when we set premium rates for the next year, we review the way we classify firms and industries. This document outlines the classification units to be expired, renamed, or moved in 2027.