In the risk states and territories (WA, ACT, TAS and NT) policies are underwritten by private insurance companies in a competitive and ‘true insurance’ environment. Policies can be marketed each year and variables such as claims performance, WHSMS sophistication, insurer appetite, industry performance and broader economic conditions will dictate rates the market will provide for a risk. Employers are required to maintain a separate policy in each state and territory, however, multiple legal entities in one state can be insured under a single policy. Extensions to risk state policies may be granted for Principals Indemnity/ Waivers, Common Law extensions including (Industrial Disease and Overseas – mainly WA but also NT). Performance of all clients is dictated by the individual loss ratio (five years claims against five years premium collected).
We offer a range of services to support each risk state workers compensation scheme such as:
Please CONTACT our team for more information. Alternatively provide some simple policy information below and we will contact you to discuss your options.
Please provide the following policy information and we will contact you to discuss your options