How much is too much?
WorkSafeBC is an insurance board that is entirely funded by business owners. And now, the Board’s assets exceed liabilities by $6.4 billion.
Clearly, this is beyond a reasonable cushion. For years, we have called on the Board to return some of that money to you - the business owner who funds this program. Instead of issuing a refund to employers in past years, the Board has decided to sit on the cash.
On August 1st, we delivered nearly 4,000 of your petitions to WorkSafeBC in our meeting with the Chair of the Board and the President of the Workers’ Compensation Board (WCB)!
These petitions make a big difference, so thank you if you’ve sent one in.