SAFE Companies / COR Rebates

We’re happy to report that as a result of the efforts by the Council, along with other industry groups working with WorkSafeBC (WSBC), the SAFE Companies/COR rebate is increasing for 2008.  The annual rebate on assessment premiums for all eligible SAFE certified companies will increase from five to 10 per cent starting this year and continue every year after. The 2007 SAFE Companies/COR rebates remain at 5%.

As a SAFE certified company, the Council automatically applied for WSBC COR rebates. As an employer, you don’t need to do anything. If we are missing some registration information, we will follow up directly with you. WSBC COR rebates will be issued approximately June of the following year. 2007 COR rebates will be issued in June 2008. WBSC need that time period to collect the 2007 assessment and make the calculation. A cheque will be issued to the company to the address they provided in your registration.

A couple of points to note:

• To be eligible for COR rebates, companies have to be in “good standing” with WSBC. In summary, this means a participating employer may be ineligible for COR rebate when any of the following conditions apply to the employer:
• Employer is engaged in activity which would cause WorkSafeBC to consider imposing , or has resulted in imposing, an administrative penalty;
• Employer has suppressed claims;
• Employer is in arrears in assessment payments;
• Employer is engaged in ‘other’ misconduct.

• Please note that rebates are calculated as a percentage of the base assessment in the payroll of that year of certification. This way, companies with good experience ratings (e.g. assessed below the base rate) don’t receive a proportionally lower rebate.

• For example:
1. 2008 Assessable payroll - $2,000,000
2. CU 7030008 base rate - $9.46
3. Approximate 2008 WSBC premiums paid ($2,000,000/$100)*$9.46 = $189,200
4. Approximate 2008 COR rebate - $189,200 * 10% = $18,920

• COR rebates are issued by WCB account and classification unit (CU) number; all workers and operating locations in a CU of a single company need to have been included in the SAFE certification activities to be eligible for COR rebates. For example:
• if a company has several operating locations and have chosen to SAFE certify each location separately, all locations need to be SAFE certified for a COR rebate to be issued;
• if a company has 2 classification units and SAFE certification was issued for activities under 1 CU only, COR rebates will be issued based on the assessable payroll of that single CU.

 

SAFE Companies Rebate Increasing (pdf)

 

ABOUT THE PROGRAM	Registration information
> Benefits of being a SAFE certified company - LINK > The Cost of Unsafe (pdf) - LINK > SAFE Companies: Six Month Audit Submission Requirements (pdf) - LINK   > Request for Extension form (pdf) - LINK > SAFE Companies Application Form (pdf) - LINK	> Guide to SAFE Company Registration (pdf) - LINK > Large Company - LINK   > Booking a Student Auditor - LINK > Small Company  - LINK   > Tips for Submitting a Good SEBASE Audit - LINK > Independent Companies - LINK   > Individual Owner Operators (IOO) - LINK > Certification Timelines by Licencee - LINK > Registration - Request for Status Change Form - LINK
AUDITORS	TRAINING
> List of Certified External Auditors - LINK > Auditor Code of Ethics (pdf) - LINK > Notice of Audit Activities Form (pdf) - LINK > Declaration of Dependent Contractors Form - LINK	> Individual Owner Operator SAFEty Course - LINK > External Auditor Training - BASE Audit - LINK > Internal Auditor Training -LINK > OHS Small Employer Training - LINK > Basic Forest Supervisor Course - LINK
RESOURCES	SAFE CERTIFIED COMPANIES
> Large Employer (BASE) Audit (pdf) - LINK > Small Employer (SEBASE) Audit (pdf) - LINK   > Tips for Submitting a Good SEBASE Audit - LINK   > An Explanation of the SEBASE Audit Questions (pdf) - LINK > Individual Owner Operator (IOO) SAFEty Log - LINK > Safe Companies Update Newsletter - LINK > Safety Advocates - LINK > SAFE Companies Questions Answered - LINK	> List of SAFE Certified Companies (pdf) - LINK > BC Forest Companies Registered for SAFE Companies (pdf) - LINK > Maintaining SAFE Certification - LINK > SAFE Companies / COR Rebates - LINK