Failure to meet your employer obligations in regards to Workers Compensation can result in hefty fines. Recently, a manufacturing company in Canberra was fined $100,000 for not having adequate Workers Compensation for their employees. This type of fine is not uncommon.
Workers Compensation is compulsory for businesses in Australia. It’s also one of the more complex insurance areas. For a start, there’s different legislation in each state of Australia. It’s also periodically altered, as new legislation comes into effect, so unless you’re working in this area you can never be sure if you’re adequately covered.
Workers Compensation claims management is vital. Research shows that it’s in everyone’s interest to get an injured worker back to work as soon as possible. When the claims process drags on, there’s often a deterioration in relations between employer and employee. A well-managed and proactive claims management system encourages workers to return promptly to work and reduces overall costs to your business.
For enquiries on Workers Compensation, please fill out a quotation request, and one of our consultants will be in contact with you shortly.