Workers Compensation Insurance I Phoenix Insurance Brokers

The Basics

Workers’ compensation insurance protects you and your employees by covering workplace injury and illness. It can provide financial support to employees who become ill or injured from work-related activities, and typically includes compensation for lost wages, rehabilitation costs and medical expenses.

It is mandatory in Australia, so if you employ people you are legally obligated to maintain safe workplaces, no matter the nature of your business.

Each state and territory has its own regulations, and each policy is subject to its own exclusions, such as deductibles, excesses and coverage limits.

Major changes in WA

On July 1, 2024, WorkCover WA launched significant legislative changes. The new laws under the Workers Compensation and Injury Management Bill 2023 feature numerous updates employers need to know about, including higher caps on medical expenses, easier access to provisional payments for deferred liability claims and increased fines for non-compliance.

Read this short blog to understand the major changes and how they might affect your business, or talk to your broker for details.

Early Intervention Assistance

Did you know you can engage an early intervention injury management provider to manage your Workers Compensation claims?

This a great way to support your employees while ensuring that your business adheres to the rules and regulations. By acting as your Workers’ Compensation claims coordinator, these providers manage communications between all parties, as well as coordinating treatment plans and reports. They can also help you:

Improve injury recovery timeframes
Reduce claim costs
Reduce work absence duration
Identify risks and avoid chronic injuries
Enhance workplace culture

We can point you in the right direction. Ask your broker or call us on 08 9367 7399.

Case Study

After five years as a production line worker, an employee develops carpal tunnel syndrome, which is painful and makes it impossible for her to do her job. An investigation finds that the repetitive work on the production line caused her condition. She needs to take time off work to rest, undergo physiotherapy and have corticosteroid medication.

The employer is able to claim on their Workers’ Compensation Insurance and, once recovered, the employee soon returns to work under revised duties. The employer takes steps to improve their work safety practices, such as moving staff to different tasks and ensuring they take adequate breaks during the day.