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- COR Program Benefits and Costs
By participating in the COR Program, you can help keep your employees safe and healthy while saving your company time and money. There is a strong business case for having a well functioning safety management system, which is well worth the return on investment.
BENEFITS
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Save up to 10% on WorkSafeBC Premiums COR certified employees can receive an annual financial incentive of up to 10% of their base WorkSafeBC premiums. For example, a company with an annual premium of $65,600 could save up to $6,560 if they become COR certified.
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Comply with legal requirements set by the OHS Regulation and the Workers Compensation Act Going through the COR certification program will help to keep your company up to date with health and safety legal requirements.
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Build a positive corporate image A high concern for safe operations and the health and safety of employees is a positive message that is carried into the community by not only employees, but also suppliers and customers.
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Create a strong safety culture in your company Recruiting and retaining people who value a strong safety culture will help your company build a robust and effective team with a focus on a safe work environment.
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Secure additional discounts Your individual insurance rate is influenced by your ‘Experience Rating’ which is a similar concept to receiving a no-claims bonus or a surcharge according to past performance. By proactively improving health and safety practices and effectively managing claims and return-to-work procedures, you can secure additional discounts that go beyond the industry base rate over time. |
COSTS
The costs involved in COR certification are minimal. The main cost comes during the initial COR certification audit and subsequent recertification audits, when an approved external auditor must be used. During maintenance year audits, the company may conduct internal audits by using a trained internal auditor. Typical costs include:
Auditing fees
Auditing fees are paid directly by the organization seeking COR certification to the external auditor performing the certification (Year 1) and recertification (Year 4) audits. The cost of an external audit depends on the size of the company being audited. Due to sampling requirements, the larger the company, the more employees or sites that must be interviewed and observed.
go2HR has established a maximum $550 daily fee for external auditor charges and companies seeking certification may select from the list of go2HR’s approved external auditors to ensure the best fit. Any fees associated with travel or expenses must be negotiated between the company and the external auditor.
Internal Auditor Training
The other cost is a $199 (plus tax) fee for internal auditor training if you opt to have a staff member trained and certified. This allows your company to complete maintenance audits (Years 2 and 3) free of charge using your internal safety champion.
