FIOSA-MIOSA leads the way with a 7.2% premium decrease.

WorkSafeBC has announced the premium rates for 2016 and FIOSA-MIOSA’s Classification Units (CU’s) performed well when compared to other industry sectors. Despite the average WorkSafeBC premium rate for all sectors remaining unchanged for 2016, FIOSA-MIOSA’s CU’s saw a 7.2% decrease, resulting in an average reduction of 19¢ per $100 of employer’s assessable payroll.

For more information about premium rate changes in 2016 and how the rates are set, please visit the WorkSafeBC website. (http://www.worksafebc.com/insurance/premiums/2016_rates/default.asp)