Join WorkSafeBC, and other employers in your region, to learn more about:
- proposed 2018 rates for your industry,
- injury trends in British Columbia,
- what you can do to reduce injuries, claim costs, and your insurance rate.
Attendance is free. For dates, and to reserve your seat, click here.
The Workers Compensation Act requires WorkSafeBC to set premium rates annually for employers in order to pay for the workers’ compensation system.
Premium rate increases and decreases are driven by injury rates, return-to-work performance and the resulting cost of claims, as well as being impacted by investment performance relative to required rates of return. Each year, costs in some rate groups go up, some go down and others stay the same.
In 2018, 63 percent of employers in B.C. are projected to experience a decrease in their industry base rate, 11 percent will see no change, and 26 percent will see their industry base rate increase.
Consultations with stakeholders are taking place this month, October 2017.