Each year, WorkSafeBC engages with stakeholders to decide on the premium rates for the year for all industries in British Columbia. As part of their commitment to continue serving stakeholders while reducing the spread of COVID-19, this year’s rate consultation sessions will be held virtually.
What to Expect in 2020’s Virtual Rate Consultation Sessions
The virtual sessions will be presented on a secure online platform. WorkSafeBC will email the session link to employers who have registered for a session in advance of the scheduled date. The sessions include a 60-minute presentation, followed by a question and answer period.
The presentation topics include:
- The financial state of the workers’ compensation system
- Rate and classification changes
- How you, as an employer, can influence your rates through improved health and safety and return-to-work activities
Dates and Times of the Sessions
This year’s rate consultation sessions will happen on the following dates and times:
Monday, October 5, 10:00 – 11:30 a.m.
Monday, October 5, 1:00 – 2:30 p.m.
Wednesday, October 7, 10:00 – 11:30 a.m.
Wednesday, October 7, 1:00 – 2:30 p.m.
Resources to Help Reduce Your Premium
While your base premium rate is set using the historical costs of injuries for your industry, you have the opportunity to earn a discount for your business by reducing your claim costs.
WorkSafeBC offers tools and expert advice on how to do this through injury prevention, workplace safety, and disability management and return-to-work programs for injured workers. For best practices in injury prevention and injury management that could help you lower your costs, visit their industry health and safety pages.
To learn more about what’s driving costs in your industry, browse their industry health and safety data.
To find out more or register for the upcoming sessions, visit the WorkSafeBC website. Attendees will be sent a reminder email with the session link in advance of their chosen date.