Jail for Workers Compensation Fraudster
Amid rising pressure on workers comp, a Victorian business owner was jailed for 22 months and fined $350,000 for fraud.
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People Risks
Businesses are faced with numerous different risks, yet anticipating and effectively managing their people risks is critical to building trust inside and outside of your business. With such risks posing major threats, effective risk management becomes a business imperative. What are the common risks Australian businesses should be aware of and address?
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What are Suitable Duties?
It is a common workers’ compensation insurance term often used in the context of workplace injury or illness management. An important part of supporting a worker’s recovery & Return to Work (RTW). Returning a worker to their usual duties after an injury or illness may take time, depending on their condition. This doesn’t, however, mean they are unable to work, though & the identification of appropriate it represents an important RTW process.
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Workers Compensation Journey Claims
In Australia, each State & Territory has different workers compensation legislation & therefore the treatment of “Journey claims” (to/from work) vary.
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Workers Compensation Premiums Rise
Across Australia, workers compensation premiums are increasing. In NSW, icare communicated premium increases with an average of 8% over the next 3 years. In Victoria, WorkCover has set the average premium rate for 2023/24 at 1.8%. ReturnToWork SA has increased the average premium rate by 2.8% to 1.85%. With increasing costs & wages, workers compensation premiums will continue to increase, meaning it will be increasingly important for businesses to actively manage workplace injuries, claims & worker compensation-related aspects.
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Understanding Workers Compensation Insurance
Workers compensation insurance also protects employers from potential lawsuits related to workplace injuries amongst other aspects.
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