Phoenix is Western Australia’s leading workers’ compensation broker. Our personalised insurance service assists business owners in obtaining the most suitable insurance coverage, helping to reduce the financial impact on both injured workers and businesses in the case of an adverse workplace incident.
Protect Your Business From Work Related Injury
Workers’ compensation is a form of business insurance payment paid to employees if they are injured or become sick due to their work. Phoenix Insurance Brokers specialises in workers’ compensation insurance for small to medium-sized businesses and self-employed business owners.
With a solid reputation for excellence in customer care and for delivering reliable policies specific to Western Australia and for Australian businesses, Phoenix Insurance has gained a reputation as one of the leading workers’ compensation insurance brokers in WA. Not only can we provide expert advice on the right workers’ compensation insurance for your business, but we can also provide ongoing maintenance and support of your workers’ compensation insurance.
Our Workers’ Compensation Insurance Services
- 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 complex claims
- General advice and support
Workers' Compensation Insurance FAQs
Workers’ compensation insurance is compulsory in each state and territory of Australia. Every employer must hold a workers’ compensation policy with a licensed insurer or Workcover WA, the government agency responsible for overseeing the workers’ compensation and injury management system in Western Australia.
All businesses in Western Australia must have insurance to protect themselves 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 misplaced 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, should you require it.
A workers’ compensation insurance policy provides monetary and other reimbursements to workers injured at work or suffering an illness due to work. Depending on the injury or illness severity, the policy might provide the injured worker with benefits, hospital cover, medical expenses, rehabilitation expenses, or a lump sum.
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.
If a worker sustains an injury while at work and the business doesn’t have insurance, the company may be liable for a hefty sum to cover wages, medical bills, and legal fees.
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 business operates.
In WA, the Workers’ Compensation and Injury Management Act 1981 states that weekly compensation payments are payable notwithstanding any other entitlement to annual 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.
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.
When you’ve been injured at work, 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.
WA law states that acceptance of a Schedule 2 settlement ceases all other entitlements to compensation. 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. Once you have settled your claim or signed settlement documents, it’s too late to obtain legal advice.
A workers’ compensation broker is an insurance agent who helps businesses find the best workers’ compensation insurance.
Phoenix Insurance Brokers has worked with various insurance companies that provide workers’ compensation insurance to a range of industries. Our brokers can match your business to a specialist insurance company to ideally protect your business financially in the occurrence of a work-related injury.