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COVID-19 claims costs and your insurance premiums

Published on: July 15, 2024

WorkSafeBC has received a number of enquiries on how COVID-19 claims are treated for rate setting

WorkSafeBC excluded COVID-19 claims costs in the calculation of the expected new injury costs for 2025 and experience rating for employers. This approach recognizes the negative impact that the COVID-19 pandemic had on employers during the public health emergency. However, direct COVID-19 claims costs have been reflected in the rate group balances, and are generally amortized over a period of five years, as adjustments to the rate groups’ future premium rates. As the volume of COVID-19 claims have dropped significantly, the above treatment will be revisited next year when setting 2026 rates.