Monthly Archives: July 2014

Increased Workers Compensation Renewal

Workers Compensation Renewal Increase or DecreasePreviously we advised that the NSW Government predicted the latest WorkCover legislation changes would reduce workers compensation premiums. For some businesses, these changes however have actually resulted in higher 2014/15 renewal premiums.

The late re-issuance of NSW WorkCover Insurance Premium Order (IPO) has meant some businesses are yet to receive their renewal premiums and invoicing and as such, if their workers compensation renewal has increased. An unexpected cost can have a dramatic impact on a business’ cash flow and in context of other changes there could be steps taken to reduce costs.

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ABILITY GROUP Saves Client $85,000

Reduce Costs Success GraphABILITY GROUP had been working with a client for about 6 months in implementing strategies to reduce workers compensation related costs and their effort. We were excited to be able to advise our client recently that we had delivered $85,000 of workers compensation related savings for their business.

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