Workers’ Compensation Insurance

Workers compensation is a form of insurance payment paid to employees if they are injured at work or become sick due to their work. Phoenix Insurance Brokers specialises in Workers’ Compensation Insurance for small to medium sized businesses and for the self-employed.

With a solid reputation for excellence in customer care and for delivering reliable policies specific to Western Australia, Phoenix has gained a reputation as a leading Workers’ Compensation Insurance broker. Not only can we provide expert advice on the right Workers’ Compensation Insurance for your business, we can also provide ongoing maintenance and support of your Workers’ Compensation Insurance.

We offer an effective, continuous level of service in the following areas:

  • Review of policy, rate, and classifications
  • Support with documentation including wages declarations and claim forms
  • Claims cost monitoring
  • Arrange meetings with insurers
  • Advice in implementing Risk Management Procedures
  • Advice on claims and support on managing difficult claims
  • General advice and support

 

Get a quick quote online or get in touch with your local Phoenix Insurance Broker regarding Workers’ Compensation Insurance for your business.

You can read about related business insurance products we offer such as:

Frequently Asked Questions

How does Workers’ Compensation Insurance work in WA?

Workers’ Compensation Insurance is a compulsory insurance in each state and territory of Australia and every employer must hold a workers’ compensation policy with a licensed insurer or with Workcover, the government agency responsible for overseeing the workers’ compensation and injury management system in Western Australia.

Why do I need Workers’ Compensation Insurance?

It is compulsory for all businesses in Western Australia to have insurance in place to protect against workplace incidents. Whether your business requires people to work with heavy machinery, or you have the most unassuming and seemingly safe workplace, accidents can happen anywhere – a slippery floor or a mis-placed object can be just as dangerous as industrial equipment. For this reason, all businesses from trades to medical practices require Workers’ Compensation Insurance by law in WA.

Workplace injuries can cause myriad issues for business owners both financially and reputation wise, so it’s important to have quality insurance you can trust in place should you require it.

What Does Workers’ Compensation Insurance Cover?

A Workers’ Compensation Insurance policy provides monetary and other reimbursement to workers injured at work or suffering an illness arising from work. The policy might provide the injured worker with benefits, medical expenses, hospital cover or indeed a lump sum, depending on the severity of the accident or illness.

It will also protect the business owner by covering the wages paid to another member of staff who has been recruited to cover the injured or sick party.

Without this cover a small business may be liable for a hefty sum to cover wages, medical bills, and legal fees.

How Are Premiums Calculated?

Premiums for Workers’ Compensation Insurance are generally calculated using a predetermined formula set by each state. Largely, it will be based on the salary you pay your employees, your claims history, and the industry in which your small business operates.

Do you accrue annual leave while on workers’ compensation in WA?

In WA, the Workers’ Compensation and Injury Management Act 1981 states that weekly compensation payments are payable notwithstanding any other entitlement to annual leave or long service leave.

This means you are not required to agree to cease your weekly payments if you take long service leave or annual leave.

For more information on annual leave while on workers’ compensation, contact the Fair Work Ombudsman on 13 13 94 or visit their website.

How long does workers’ compensation last for?

A Workers’ Compensation claim must be made within six months of the date of injury or incident. However, this six month time limit may be extended to three years, but only in certain circumstances where there is a reasonable cause for not making the claim earlier.

How long your workers compensation or WorkCover lasts, depends on the severity of your injury and the type of claim you make, however, there are limits. For more information, contact your local Phoenix Insurance Broker.

What is a fair workers’ compensation settlement?

When you’ve been injured at work and you’ve made a claim and been offered a lump sum compensation, it’s tempting to take the first offer and put the incident behind you.

Offers to settle (called “Schedule 2 settlements” under WA law) are a way of compensating for any permanent disability suffered by an injured worker due to their work injury – similar to compensation for pain and suffering in the US.

WA law states that acceptance of a Schedule 2 settlement ceases all other entitlements to compensation. This means that once you accept an offer, you are no longer entitled to weekly payments or medical, rehabilitation and travel expenses.

To know exactly where you stand and what you are entitled to, if you have had an offer of compensation, you should seek legal advice as to whether or not your offer is fair and reasonable, as once you have settled your claim or signed settlement documents, it’s too late to obtain legal advice.

Please contact Phoenix Insurance Brokers Pty Ltd today to discuss your Insurance needs.