WorkSafeBC announces flat average premium rate for 2012 • WSIB sets maximum earnings for 2012 • WorkSafeNB announces 2012 assessment rates • Ventilation focus of Ontario mining blitz • Nova Scotia announces 2012 WCB employer rates
British Columbia
WorkSafeBC announces flat average premium rate for 2012
The average base premium rate for registered employers in British Columbia will remain unchanged from 2011, WorkSafeBC announced. The 2012 average published base rate will be $1.54 per $100 of employers’ assessable payroll. WorkSafeBC’s average published base rate for 2008 through 2010 was $1.56. The average published base rate is a composite of rates in 67 individual rate groups, or insurance pools, which are compilations of various classification units. Insurance premium rates for B.C.’s 206,000 employers are based on the claims cost (or safety) history of their industry and of similar employers and are further adjusted based on individual performance. For 2012, 53 per cent of employers will experience a base rate decrease, eight per cent of employers will have their base rate remain unchanged and 39 per cent of employers will have a base rate increase. WorkSafeBC projects a deficit at the end of 2011 and increases to the average base rate in 2013.
