Compulsory in all states of Australia, Workers Compensation Insurance is specific to each state, with different schemes in operation depending on where you are located.
In Western Australia, Tasmania, ACT and the Northern Territory a privatised system operates, enabling insurers to offer their own rating structure and allowing clients to utilise the services of an insurance broker. In all other states, a government run system operates which prevents any differentiation on rates or insurance broker involvement.
Employers are required to hold Worker’s Compensation for all of their workers and requirements in each State will differ to a degree. However, the definitions are broad and extend to include sub-contractors as well as direct employees (full time, part time, casual). If you are unsure whether you have the correct insurance arrangements in place, contact Work Cover in your State or your insurance broker for advice, as penalties apply in all states for non-compliance.
Workers Compensation claims management is vital. Research shows that it’s in everyone’s best interest to get an injured employee back to work as soon as possible. A claims process that drags out can result in the deterioration of the relationship between employer and employee. A well-managed and proactive claims management system encourages employees to return to work promptly and reduces the overall cost to your business.
For enquiries on Workers Compensation, please fill out and forward a quotation request on this website and one of our qualified Professional Essentials team members will be in contact with you to discuss your needs.