LEARNING TASK 2 : Describe WCA conditions of compensation
All employers in British Columbia are assessed a fee, which together cover all of WorkSafeBC’s operating costs. Assessments pay for inspecting the work site, training workers, and all the direct costs of job site injuries.
WorkSafeBC collects insurance premiums from employers to cover the cost of workplace insurance. Employers are required to pay premiums, just as anyone would for any other insurance. Premiums are based on the assessable earnings of the workers. The assessed rate is based on the industry classification and the company’s past history. The premiums collected pay the costs associated with work-related injuries and diseases, including health care, wage loss, rehabilitation, and administration.