WorkSafeBC announces preliminary 2024 premium rates
August 2, 2023On July 27, 2023, WorkSafeBC announced preliminary premium rates for 2024. Significant increases include:
- General retail rate (13.7 per cent);
- Supermarkets (16.9 per cent); and
- Movie theatres (20.5 per cent).
Notable decreases include restaurants (-6.3 per cent), convenience stores (-20 per cent), jeweller/eyeware/clock/watch (-20.8 per cent), and bicycle shops (-20.5 per cent).
RCC and other business associations have expressed concern in recent years that changes made by the government over the past three years will result in longer-term rate increases. WorkSafeBC’s presentation to employers projected a slight increase over each of the coming four years. This assumes no further significant changes to legislation and policy.
For questions or more information contact
Greg Wilson
Director, Government Relations and Regulatory Affairs
gwilson@retailcouncil.org
