Why Workers Compensation Premiums Increase

Why Workers Compensation Premiums Increase

Each Australian States & Territory have different workers’ compensation legislation & consequently, the method (or formula) used to calculate a workers’ compensation premium. Workers’ compensation insurance premiums are typically based on the business industry, annual wages & a range of other factors that could include claims frequency/costs, underwriting decisions, and various adjustments. The reason why a workers’ compensation premium increases, therefore, depends on a variety of factors.

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Pre-Existing Conditions & Workers Compensation

Pre-Existing Conditions & Workers Compensation

Pre-existing conditions can have a significant impact workers’ compensation claims. A pre-existing condition is any health issue that existed before a work-related injury or illness. These conditions can include chronic illnesses, previous injuries, mental health conditions, or degenerative diseases. So why are Pre-Existing Conditions important with workers compensation?

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WHS Cloud-based Systems

WHS Cloud-based Systems

Efforts required to comply with Work Health & Safety (WHS) legislation using traditional paper-based policies, procedures & management systems can be problematic & time-consuming. Smart businesses therefore seek ways to simplify workplace safety & minimise the time required to manage their WHS-related processes with WHS Cloud-based Systems.

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