At ABILITY GROUP, we understand that managing workplace claims can be complex and costly. For many employers, inaccurate or unchecked claims can lead to significant financial losses. Our recent claims review project demonstrates how expert analysis and proactive management saved one client an incredible $140,000, proving the value of a thorough review process.
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From 30 June 2015, the calculations for NSW businesses with a premium > $30,000 change completely. The new key drivers of premium become:
– Wages and business activity
– Claim performance now benchmarked against scheme rather industry
– Return to Work related metrics
NSW workers’ compensation reforms, meant to simplify the system, are seen as complex. Some claim costs no longer affect premiums, but steep increases will depend on how each business compares to overall scheme performance—penalising those with higher claims.
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Workers’ compensation claims can quickly become complex when injuries are severe, recovery is prolonged, or disputes arise. These difficult claims often lead to escalating costs, extended timeframes, and significant stress for both employers and employees. ABILITY GROUP specialises in Difficult Claim Intervention, helping businesses and brokers manage these challenges effectively.
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