|
By law an employer must maintain a safe
workplace and a current WorkCover insurance policy to
protect employees from financial hardship in the event of a
workplace injury. Whilst each state and territory may have
different bodies to administer their own Acts, the consensus
in general is to ensure protection of the employee. Below
are links to the relevant requirements under each state and
territory.
| |
|
|
| |
|
|
|
Victoria only
In Victoria an employer must maintain a
WorkCover insurance policy unless the employer has
reasonable grounds to believe the total remuneration that
they will be liable to pay to employees during the financial
year is $7,500 or less.
Where an employer has an apprentice under
an approved training scheme, the employer must maintain a
WorkCover policy in insurance policy irrespective of the
remuneration paid. |
|
|
Victorian
Downloadable Forms |
|
|
|
If an employer changes its legal status (e.g.
from a sole director or partnership into a Company) it
becomes a new entity under law and thus must obtain a new
WorkCover insurance policy immediately.
Failure to obtain a WorkCover insurance
policy when required can result in severe penalties being
imposed. Please contact our office should you need to
discuss further.
We use for this facility the services of
CGU Workers Insurance. CGU Workers Insurance is an
authorised agent appointed by WorkCover to pay benefits to
injured workers, collect premiums, manage compensation
claims and provide return to work and risk management
advice.
If you have a new business and require us
to arrange WorkCover for you please call our office on 1300
123 300.
Our office will arrange a covernote.
There is no charge for this service.
If you are an existing business operator
who would like your WorkCover account reviewed, please call
our office. We will arrange for the necessary review. Again,
this is a free service to our clients. Furthermore, we
ensure you have a regular point of contact with the insurer
for any issues that may arise.
Payment Options
If paying your premium funding on an
annual basis puts a strain on your cash flow, we can arrange
for monthly payment options. Refer to the premium funding
option for assistance.
Check list
-
Take out a WorkCover policy with a
WorkCover insurer (unless your annual payroll is
expected to be $7500 or less)
-
If you employ apprentices or
trainees, you must have a WorkCover policy regardless of
your annual payroll
-
Notify your WorkCover insurer of
workplace or activity changes (these changes can affect
your classification and premium)
-
Check your annual estimate of
remuneration (and, if you have any claims, your claims
statement) sent to you by your insurer prior to the
calculation of your premium each year
-
Notify your WorkCover insurer if your
remuneration increases by 20% in any year above your
last estimate of remuneration
-
Certify your remuneration at the end
of each financial year by the due date
-
Pay your premium by the due date
shown on your invoice, if you cannot call us and we will
arrange monthly installments.
Back to Top >>
|
