by Marc Ring | Nov 1, 2013 | Consulting, Workers Compensation
Yesterday NSW WorkCover made an important announcement that will delivery premium reductions for 72% of the WorkCover Scheme industries. From 31 December 2013, the 376 NSW business industries that have continued to demonstrate improved safety and return to work performance, will on average receive a 5% rate reduction. These changes are a timely reminder of benefits businesses can receive for investing in workers compensation and return to work services.
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by Marc Ring | Oct 21, 2013 | Consulting, Workers Compensation
Reduce Impact of Claims
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?
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by Marc Ring | May 16, 2013 | Consulting, Workers Compensation
ABILITY GROUP Saves Newest Client $350,000
We want to share our latest client success story where last Friday we presented to the CEO of our newest client that we have delivered $350,000 (1st year refund in round terms) of workers compensation premium related savings. Our client’s CEO and board are ecstatic, having since signed ABILITY GROUP as their specialist workers compensation partner on a long term service agreement to ensure sustainability of their program.
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by Marc Ring | Apr 2, 2013 | Consulting, Workers Compensation
Ageing workforce and workers compensation
Recent economic conditions impacting superannuation and an ageing population have resulted in employees working longer creating an ageing workforce. This can have a dramatic impact on workers compensation and something brokers and businesses alike need to understand.
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by Marc Ring | Mar 1, 2013 | Consulting, Workers Compensation
Business in workers compensation trouble
Accidents can happen in the work place or environment your people are exposed to. This story resonated with us as we have sadly seen a claim where an accident resulted in the death of young apprentice, aged 16. Every business needs to be aware of their obligations to the safety of their people and even more diligent with the young apprentices who need training, support and mentoring.
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by Marc Ring | Oct 31, 2012 | Consulting, Workers Compensation
Workers compensation is often the largest insurance cost for a business and it directly reduces business profits. For many businesses workers compensation is expensive, complex to manage and a source of frustration. If not effectively managed, workers compensation can be unpredictable making many believe it is an uncontrollable business expense.
ABILITY GROUP can alleviate your stress and frustrations by providing recommendations to control or reduce your workers compensation costs. (more…)
New Workers Compensation Reductions
