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Premium Rate Reductions for Businesses

Businesses across industries are set to benefit from premium rate reductions, a reform designed to ease financial pressure and reward safer workplaces. For small and medium enterprises, these changes mean lower costs, improved cash flow, and more opportunities to reinvest in growth.

Policy changes now require month?end expiries, giving brokers a chance to align client due dates. ABILITY GROUP can assist. Premiums paid in full earn a 5% discount (up from 3%), making premium funding or advance payment more attractive.

As workers compensation specialists, ABILITY GROUP can assist clients with this process. Contact us to find out how.

Download WIC Rate Reduction Sheet here