Workplace safety is a critical responsibility for every business. Despite established systems and procedures, tragic accidents continue to occur, underscoring the importance of vigilance and ongoing awareness.
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Recent reforms to the NSW Workers Compensation scheme are reshaping how businesses manage premiums, claims, and employee rehabilitation. For employers, including those in health and fitness sectors like PROHEALTH PHYSIO & FITNESS (EP), understanding these changes is essential to remain compliant while supporting staff wellbeing.
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For many businesses, workers compensation claims don’t only impact customers and other workers, they can have severe financial impacts. Since 1 July 2013, NSW legislation reforms mean businesses with workers compensation premiums >$30,000 are claims experience rated. In simple terms this means these premiums will increase for 3 years due to claims costs and often for every $1 in claims costs you pay more in premium. Like to reduce the impacts of claims?
Early engagement with workers compensation is critical on many fronts. Assisting an injured worker is paramount for businesses, yet the impacts don’t stop at just the injury. Early engagement with an injury or workers compensation claim can have numerous other benefits. At times, many businesses are unaware of the hidden or potential impacts.
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People are a business’s most valuable asset. Successful companies invest in the health, safety, and well-being of workers, reducing absenteeism and presenteeism while improving service. In Australia, spending on diabetes is rising sharply, and with an ageing population and increasing obesity, concerns are growing nationally and for employers.
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