What does my firm receive from WorkSafeBC?
In return for registering with WorkSafeBC, firms are insured against lawsuits from injured workers. Unlike most private insurance plans, there’s no limit to the amount of coverage a business receives. In the case of a severe injury or death, which could cost a firm several million dollars, liability coverage is a valuable benefit. WorkSafeBC ensures that all workers in the province are protected from economic hardships caused by work-related injuries or diseases. When a worker is injured on the job, wage loss and medical costs are covered by WorkSafeBC. Injured workers are typically entitled to 90 percent of their average net earnings at the time of their injury, up to an annual maximum, after statutory contributions are deducted for income tax, Canada Pension Plan and Employment Insurance. In addition, rehabilitation and retraining costs needed to return a worker to work are paid by WorkSafeBC. If a worker is injured or contracts an occupational disease while on the job, WorkSafeBC co
In return for registering with WorkSafeBC, firms are insured against lawsuits from injured workers. Unlike most private insurance plans, there’s no limit to the amount of coverage a business receives. When a worker is injured on the job, wage loss and medical costs are covered by WorkSafeBC. In addition, rehabilitation and retraining costs needed to return a worker to work are paid by WorkSafeBC.
