It is a requirement by law for employers to ensure correct steps have been taken to provide a safe work environment for their employees. This includes having workers’ compensation insurance in place for all of their employees.
Who needs it?
If you employ someone Workers’ Compensation is mandatory – this is across all states and territories in Australia. Each state and territory has its own workers’ compensation scheme run by independent regulators. As such it is important to speak with your Broker as the rules and regulations will vary slightly.
What does it cover?
If your employee is injured, or becomes sick because of the work they undertake at your business, workers’ compensation insurance can cover:
• Employees’ wages if they are not fit for work
• The cost of their rehabilitation and medication – for example physiotherapy or surgery costs
What is excluded?
As with any policy there are exclusions. There is also often a deductible or excess and limits on cover so check with us to further investigate these on your behalf.