Psychological claims are rising and can be seven times more costly than physical ones. Businesses must address both physical and mental safety. For details, see the Workplace Prevention of Mental Health Problems guidelines from ISCRR.
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For small employer with premiums between $10,001 & $30,000, Barry O’Farrell announced reforms to provide an opportunity for these businesses to reduce costs and achieve more stable premiums. The reforms include receiving an Employer Safety Incentive (ESI) and Return to Work Incentive (RTWI) based on achieving certain criteria, boosting early payment incentives, removing claims experience impacts and reducing the amount of red tape.
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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.
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The NSW Government introduced Workers Compensation changes to strengthen the scheme, improve outcomes for injured workers, and ensure sustainability. These reforms simplify compliance, cut costs, and address rising psychological injury claims.
Following earlier NSW legislation changes, new and significant workers' compensation reforms were announced on 1 May 2013.
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Work safety around any types of vehicles is always important as accidents occur and the consequences can be catastrophic.
In February, NSW WorkCover issued a vehicle safety plea as a result of the 4th death since June 2012 occurring due to a vehicle accident.
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