Tag Archives: Consult Ability

$90,000 Premium Reduction Success

Prior to our engagement, our client for many years used a different consultant / broker. Needless to say our client was excited to hear we had been able to successfully reduce their NSW workers compensation premium by $90,000. Based on a comprehensive review of their program,

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icare Announce 2018 NSW AGENTS

Earlier this afternoon, icare announced the 2018 NSW workers compensation agents. Following CGU announcing their exit from NSW workers compensation, further important changes were announced today by icare. Per our previous articles it was widely expected the current 5 agents (Allianz, CGU, EML, GIO & QBE) would be reduced to 3 for 2018 onward.

Given the timing of today’s announcement, it is our current understanding that from 2018 onward, the following will occur:

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Australian Trends & Insights

Safe Work Australia has  recently released new statistics that demonstrate Workers Compensation claims have continued to decline over a 15 year period since 2000. Claim frequency relate to males, muscular stress from lifting/handling  & slips, trips & falls.

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Introducing Michael

Michael joins our team with extensive injury & claims management, Work Health & Safety (WHS) as well as workplace safety compliance experience. In completing his Bachelor of Commerce, Michael’s understanding of  business complements his desire to help people & prevent risks.

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Claim Declinature

The Christmas – New Year period has historically proven to be a busy period for workers compensation. Due to a variety of reasons, we see a higher frequency of claims during this period. Last December and just before Christmas break / public holidays, one of our clients had a psychological claim lodged against them. The worker had been terminated two weeks prior to the claim being lodged.

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Tips For Talking About Safety

Talk About SafetyRaising a workplace safety concern with your boss can sometimes seem like a daunting prospect. Not doing so, however, can mean a dangerous incident goes unresolved, potentially injuring you or your co-workers. It could be something like a machine that is missing protective guards, dangerous movement of plant, poor housekeeping presenting trip hazards or speaking up if you see someone being bullied. Alternatively you might feel your training for a particular task was inadequate or you need more help to do a job safely. Whatever the issue, it is important to remember everyone has a right to work in a fair, just and safe workplace. Employers are obligated (as far as is reasonably practicable) to provide such an environment. Read more for tips on how to talk about safety.

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Farewell Mel

Mel Profile - B&W (Square)It is with sadness we farewell Mel our senior claims specialist at the end of April. Mel has been an integral member of our ABILITY GROUP team since joining in November 2014. Mel has gone to great lengths working with our clients, brokers and injured workers to secure the best possible outcomes. Mel will be sorely missed and we wish her well.

Adam and Andrea will provide assistance whilst we are recruiting a replacement.

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Wage Audits & What To Do

Wage AuditWith the Easter long weekend upon us and with most NSW insurers having completed their outstanding renewal premium processing, ABILITY GROUP have been assisting clients and brokers with a larger number of enquiries regarding icare (previously WorkCover) Wage Audits.

Icare have a compliance program that verifies if employers have paid their correct premium. To ensure that employers are paying the appropriate workers compensation premium, legislation gives icare and the Nominal Insurance Agent right to access an employer’s wage records in conducting a Wage Audit. When an audit reveals a business has under declared their wages, the employer must pay the outstanding premium as well as a late payment fees dating back to when the premium was originally due. In addition, when wages have been under declared by more than 25%, the employer will be charged the wage audit cost.

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Understanding QLD Workers Compensation

Understanding QLD WcompClients and brokers often ask us about workers compensation in Queensland and being a Government run scheme there are important differences. Some of the key differences include Accident Insurance is specific and compulsory cover for employees whereas the optional Workplace Personal Injury Insurance will cover those not deemed eligible under the Accident Insurance. In Queensland, the scheme is operated entirely by the state. The Workers’ Compensation and Rehabilitation Act 2003 (the Act) states that employers must insure their workers with WorkCover Queensland under an accident insurance policy within five days of commencing employment. However, directors, partners of a partnership, sole traders and trustees are excluded from coverage as they are not considered workers.  There is no threshold that businesses must reach before insuring in Queensland and businesses cannot pay for any of their own claim costs in Queensland.

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2015/16 Renewal Processing Update

Renewal Processing UpdateOur regular readers will know that the 30 June 2015 NSW workers compensation legislation changes have been a burning issue for the last 6 months or more. Many would also know that the legislation changes caused significant delays in for the NSW insurers being able to process the 2015/16 premium renewals as well as how many businesses have/will experience higher renewals under the new formula.
ABILITY GROUP is in regular discussion with the NSW insurers and are relieved to advise that we understand that close to 100% of the 30 June 2015 renewals have been processed, with only highly complex businesses outstanding. The insurers are now rapidly processing the July to December 2015 renewals which should now mean the majority of medium to large NSW businesses will receive their premiums calculated via the new formula. Business will also first hand understand if their premiums have increased or decreased as a result of the changes.

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