WorkSafeBC’s average base premium rate unchanged
WorkSafeBC announced this week that its average base premium will remain the same as the agency uses a $570-million surplus to subsidize costs this year.
The average base rate is $1.55 per $100 of assessable payroll. That’s 15% less than the average cost rate of $1.83, with the difference funded by surplus.
In 2026, 39% of employers in BC will experience a decrease in their industry base rate, 47% will see their industry base rate increase, and 14% will see no change.
“Looking at the year ahead, WorkSafeBC is continuing to see upward claim-cost pressures and a continued reduction in the surplus. If these trends continue, it could lead to a moderate increase in premium rates in the near future,” the agency said in a media release. “The preliminary rates for 2027 will be announced in July of this year.”
The workers’ compensation system is independently funded by employer premiums and investment returns. WorkSafeBC does not receive any funding from the provincial government.






















