Mental health issues are becoming increasingly common in Australian workplaces and from a workers compensation perspective they are 7-8 times more expensive than physical injury related claims. A recent PWC study found mental health issues cost Australian businesses $10.9B a year in lost productivity. The study also suggests poor mental health is likely to impact 1 in 5 employees. So what are the common mental health disorders?
Unofficial industry views indicate the recent NSW workers compensation legislation and premium formula changes resulted in 70% of medium to large businesses expecting higher 2015/16 Renewal Premiums. ABILITY GROUP has already won NSW iCare appeals on behalf of our clients reducing premiums payable. Higher renewal & need help?