by Marc Ring | Aug 20, 2014 | Claim costs, Consulting, Work Health & Safety, Workers Compensation
We are increasingly finding situations where we need to engage the specialist assistance of our preferred investigators, Insight Intelligence, to minimise the business and financial impacts of workers compensation claims.
Inevitably due to circumstances in the workplace, launching an investigation to gather documented evidence from a claimant, witnesses or employer is required to assist in determining appropriate liability or actions required. Investigations can be either factual or surveillance in nature.
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by Marc Ring | Aug 11, 2014 | Workers Compensation
On 6 August changes were tabled for the South Australian Workers Compensation Scheme. The changes relate to The Return to Work (RTW) Bill 2014 and SA Employment Tribunal Bill 2014. Referred to as exciting, the proposed RTW Bill recognises providing the right services and support to the worker and employer are critical to improving recovery and RTW outcomes.
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by Marc Ring | Jul 31, 2014 | Consulting, Workers Compensation
Previously we advised that the NSW Government predicted the latest WorkCover legislation changes would reduce workers compensation premiums. For some businesses, these changes however have actually resulted in higher 2014/15 renewal premiums.
The late re-issuance of NSW WorkCover Insurance Premium Order (IPO) has meant some businesses are yet to receive their renewal premiums and invoicing and as such, if their workers compensation renewal has increased. An unexpected cost can have a dramatic impact on a business’ cash flow and in context of other changes there could be steps taken to reduce costs.
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by Marc Ring | Jul 25, 2014 | Consulting, Workers Compensation
ABILITY GROUP had been working with a client for about 6 months in implementing strategies to reduce workers compensation related costs and their effort. We were excited to be able to advise our client recently that we had delivered $85,000 of workers compensation related savings for their business.
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by Marc Ring | Jun 18, 2014 | Consulting, Workers Compensation
Recent changes announced by NSW WorkCover initially suggest further premium reductions for businesses. There are however key changes that could have the opposite effect and result in higher 2014/15 renewal premiums. By reducing Industry Cost of Claims Rate (ICCR) by an expect average of 25%, in some situations it is likely to increase workers compensation premiums as a result. The 2014-15 NSW Budget cuts to WIC Rates by an average of 5% will help offset some of the expected increases and could benefit those with better than industry performance.
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