Workers Compensation Insurance
Workers Compensation cover is a statutory required cover for employees, protecting against injury during work. All the Australian States and Territories have specific regulations regarding Workers Compensation cover and third party providers.
Western Australia, Northern Territory, Australian Capital Territory and Tasmania are all classified as “Risk” states so premiums and rates can be negotiated directly with licensed insurers.
South Australia and Queensland both have government owned and run workers compensation systems.
New South Wales and Victoria both have government controlled systems, however administration and claims are managed via licensed insurance companies contracted to the State Governments.
- Where employees may be injured at work in a State or Territory to which they are not domiciled there are Extra Territorial Workers Compensation covers to be considered.
- There are specific requirements for select approved companies to self-insure workers compensation exposures under the ComCare system.
- There are also specific requirements for Expatriate employees to ensure that they have cover whilst on assignment.
- Seafarers also have specific regulations.
Obtaining a Quotation
In order to obtain a quotation, insurers will require payroll information about your employees for each Australian State and Territory that you hire staff, as well as a description of your business operations for classification and premium rating purposes.
It should also be noted that overseas operations may require specific Workers Compensation policies to be effect in that country to comply with specific international territorial limits and legal jurisdictions.
For more information please contact ARMS Risk Management.
All policies are subject to the insurer's policy terms, conditions and exclusions contained in the policy wording and agreed with the insurer. The information provided in our Product pages are a general description of the cover only. For more information about any of the insurances on our website please contact ARMS Risk Management.