WorkSafeBC says average base premium rate will stay the same in 2026
Electrical Business

AI Article Summary
WorkSafeBC has announced that the preliminary average base premium rate for 2026 will remain unchanged at $1.55 per $100 of assessable payroll. This rate has been consistent for nine years, allowing the agency to return surplus funds to employers due to strong financial performance. Approximately $570 million will be returned in 2026 through reduced rates, and changes in industry rates will see 39% of employers experiencing decreases, while 47% will see increases. The final rates will be approved in November by the board.