Renewal Assistance

Overview

Despite the jurisdictional nature of workers compensation in Australia there are common themes: All premiums are experience rated regardless of state or territory. All industries have a premium rate baseline with the exception of NT (insurers book rate). The industry baseline is then either loaded or discounted depending on workers compensation claims cost performance. Premium rate is largely derived from the historical claims performance.

In the risk states (WA, TAS, NT and ACT) five years historical performance is relied upon. In NSW, QLD and VIC a three year claims history is relied upon. Sales, HR, IT and management are usually considered incidental activities. WA, TAS, NT, ACT and VIC continue to estimate for likely future claims costs incurred.

We have identified a number of key drivers of workers compensation placement solutions and can provide the following to our clients:

• Geographical coverage in all states
• Assistance with self-insurance
• NSW Loss Prevention Recovery (LPR) and national conventional scheme clients
• Exceptional insurer relationships
• Flexibility in tailoring our offering to client requirements
• Competitive and transparent pricing

Our skilled Workplace Risk team are here to safely and simply navigate you through the renewal of your workers compensation policy with the minimum of fuss.

Please CONTACT our team for more information.