Why Workers Compensation Premiums Increase

Why Workers Compensation Premiums Increase

Each Australian States & Territory have different workers' compensation legislation & consequently, the method (or formula) used to calculate a workers' compensation premium. Workers' compensation insurance premiums are typically based on the business industry, annual wages & a range of other factors that could include claims frequency/costs, underwriting decisions, and various adjustments. The reason why a workers' compensation premium increases, therefore, depends on a variety of factors.

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Workers Compensation Partner

Workers Compensation Partner

With workers' compensation premiums rising across Australia, many businesses realize that general advice isn't enough. While lawyers, accountants, and brokers are valuable workers compensation partners, their support is often limited to high-level guidance. By engaging a specialist consultant, you gain a dedicated partner capable of reducing the financial and operational strain that generalist advisors might overlook.

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2025/26 Premium Increases

2025/26 Premium Increases

As we enter the 2025/26 financial year, businesses across Australia will face a mixed bag of changes to 2025/26 workers compensation premium increases. At ABILITY GROUP, we’re committed to helping employers navigate workers compensation-related matters with clarity and confidence. Here’s a state/territory breakdown of what’s changing and what it means for your 2025/26 workers compensation premiums.

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NSW Workers Compensation Reforms

NSW Workers Compensation Reforms

The NSW Government has introduced significant NSW workers compensation reforms, aiming to modernise protections for employees while ensuring sustainability for businesses. We summarise NSW Government's key workers compensation Protecting Workers Compensation for Future Generations changes and how they will directly impact employers, insurers, and workers across the state. and importantly highlight What It Means for Your Business.

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EOFY Celebration: Tips for a Safe and Successful Event

EOFY Celebration: Tips for a Safe and Successful Event

As the End of Financial Year (EOFY) approaches, businesses across Australia prepare to celebrate achievements, reward teams, and reflect on the year’s progress. EOFY workplace celebrations are a fantastic way to boost morale and strengthen company culture, but safety must remain a top priority.

At ABILITY GROUP, we’re committed to helping organisations create safe, inclusive, and compliant work environments. That includes making sure EOFY events are enjoyable without compromising wellbeing or legal obligations.

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