At the end of 2014 WorkCover NSW provided their Report Card on the numerous changes made during the last 12-18 months for small businesses. As these changes have driven such positive outcomes across the 260,000 small business employers in the NSW scheme, WorkCover NSW recently announced similar changes for medium to large businesses following the 2015 NSW state election.
The important changes for medium to large NSW businesses adopt the key principles of delivering easy to understand premiums, providing safer workplaces, improving return to work, recovery at work for injured workers, reducing red tape and delivering sustainability plus certainty. To understand more about these important proposed changes read more…
A recent paper commissioned by Safe Work Australia confirms businesses that invest in workplace safety receive cost and productivity benefits that provide a positive Return on Investment (ROI).
As WorkCover NSW plans to implement changes for medium to large businesses in 2015, including Employer Safety Incentive (ESI) and Return to Work Incentive (RTWI), the benefits can increase.
ABILITY GROUP were engaged several months ago by a client to assist in reducing their workers compensation related costs and claims management. Recently we advised our efforts delivered $100,000 of workers compensation related savings.
This client had experience premium increases through a combination of claims and wage growth, yet despite raising concerns with their insurer regarding several claims, our client had been unable to address their increasing premiums.