After a new client engaged ABILITY GROUP to assist with a complex claim, our efforts secured a fantastic outcome that will save our client approx. $400,000 in premium increases. By the time we were involved, solicitors and an arbitration date we already booked. The insurer had communicated very little to the client and what the injured worker was seeking through a settlement was a large amount that would have significantly impacted their premium.
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:
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.
Safe Work Australia will recognise World Day for Safety & Health at Work & Workers’ Memorial Day on Friday, 28 April 2017. It is crucial employers monitor the health of workers & workplace conditions to prevent illness or injury, & provide information & training.
From 1st March 2017 all new NSW workers compensation policies are required to be lodged directly to icare via their online portal. Businesses retain an option to select which insurer will manage their claims. Renewing policies from 30 April will transition.