Workers Compensation

We will save you money and protect you for the future

Workers compensation is a complex area that can cost you big time if you do not have expert assistance in running it.

In fact, if you have not had it reviewed by our professionals it’s a fair bet that it is costing you right now.

Our promise is simple. We will make the proper management of your workers compensation far easier and make sure you are not paying more than you have to.

We review your current policy structure and ensure your insurer correctly rates your policy. This alone can save you significantly on your premiums.  Many businesses have policies that are rated incorrectly according to their “primary business activity”. Since the inception of the ANZIC rating structure in 2001 the rating categories have increased from 105 to over 550 tariff rates today so this takes expert knowledge.

We ensure you are declaring the correct components of your wageroll to allow your insurer to calculate your premiums correctly. Recent changes to the Workcover Wages Definition Manual mean that some exclusions are no longer allowed. If you are declaring wages components that don’t need to, you are paying too much.

We make sure you are managing your workers compensation claims correctly. Your claims impact on all category A employers premiums. Major injuries or poorly managed claims can increase your premium for 3 years!

We review your risk management policies. This is a key way to reduce the likelihood of a claim and impacts many different aspects of your business such as training, OH & S, staff buy in and encouragement and reinforcement of a safety conscious culture.

We check that invoices for all policies are received and accurate

We provide ongoing advice with regards to claims procedures.

We assist in rehabilitation and OH & S procedures using outside experts as required

We review all current claims and report back to you on status, accuracy and provide options on the management of outstanding claims.

We will forecast your premium payments and the effect of claims to assist your financial management.

We can arrange premium funding and renewal premiums to assist your cash flow management.

We have been advising clients in the specialised area of Workers Compensation for over 30 years and work constantly to stay up to date with all legislative changes.

Call us now on 1300 799 422 or email wcomp@oib.com.au to talk to one of our experts to find out more how we can reduce your workers compensation costs and make it easier for your business.

 Mark Shoesmith - Managing Shareholder