WORKERS’ COMPENSATION INSURANCE

SERVICES / Worker's Compensation Insurance

Who Should Have Workers Compensation Insurance?

Workers’ Compensation Insurance is compulsory for all employers in Western Australia, covering legal liability to employees under Workers Compensation and Injury Management Act 1981 and at common law (provided compensation is payable under the Act).

Employers engaging workers on a full-time, part-time or casual basis, under an oral or written contract of service or apprenticeship, have a statutory obligation to effect Workers Compensation Insurance.

Whilst WorkCover WA is the government agency responsible for regulating and administrating the workers’ compensation scheme in Western Australia, there are (5) insurers licensed to underwrite Workers’ Compensation Insurance, allowing employers to select the carrier considering service standards, claims management abilities and cost.

Fast Insurance Enquiry Form

Whether you live in Perth or regional WA, we're here to help. Complete the form below and we will be in touch.

Fast Enquiry Form

The Cost of Workers Compensation Claims in WA

According to WorkCover WA statistics, claims costs annually exceed $800m, with the majority being physical injuries, there has been a significant escalation in stress-related claims with an average cost of $117,701 per claim.

In principle, the annual premium is based on an industry rate (set by Workcover WA for each occupation classification based on the claims data collected), the total amount of gross wages paid and your business’ claims history. The coverage typically includes medical care, reimbursement of wages and other benefits available to employees, in accordance with the WA Workers Compensation & Injury Management Act (1981) as amended.

WHAT DOES WORKERS’ COMPENSATION INSURANCE COVER?

Injury or illness to an employee arising from or during the course of their work activities in accordance with the conditions and benefits outlined within the WA Workers Compensation & Injury Management Act 1981, (as amended).

THE IMPORTANCE OF WORKERS’ COMPENSATION

Compliance with Legislation

If you do not have workers’ compensation insurance, your business could be liable for:

costs in excess of $600,000 in benefits if a worker is injured
fines of up to $5,000 per worker
liability for the cost of any action taken at common law
legal costs involved in any court action

In addition to any avoided premiums going back five years.

Avoids Costly Disputes

When an employee is injured on the job and not covered by workers’ compensation, disputes can arise between the employer and the employee about who should pay for the medical bills and other costs associated with the injury. By having workers’ compensation insurance in place, these disputes can be avoided or managed within the framework of the WA Workers Compensation & Injury Management Act 1981, (as amended).

WHY CHOOSE WESTSIDE FOR YOUR WORKERS’ COMPENSATION INSURANCE

To ensure you are fully compliant by law, contact an expert insurance adviser at Westside Insurance Specialists to assist in setting up your Workers’ Compensation Insurance.

You can rely on our extensive experience to ensure you meet all statutory insurance obligations while giving you the peace of mind you need to successfully drive your business further. Contact us here for a quote.

Michael Davis

A people-focused business manager, Michael places a high level of importance on creating long-term relationships of value and trust. Spearheading Westside Insurance Specialists for almost 10 years, and in the insurance industry for almost two decades, Michael is well credentialed to provide stellar insurance solutions for his client base.

Linked In