icare Premium Update May 2026

icare Premium Update May 2026

Workers' compensation remains one of the most challenging costs for NSW employers to control. Economic uncertainty, skills shortages, and rising regulatory expectations are stretching leadership teams. IN May 2026 icare premium update confirms these pressures are intensifying.

icare's update is not just about pricing or premium formula, rather the update explains how icare is now applying premiums, rewards, and penalties in practice and why many employers are facing increases well beyond expectations. Premium outcomes are now directly tied to how well safety, injury management, recovery, and return to work are handled.

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Preventing Psychosocial Party Hangovers

Preventing Psychosocial Party Hangovers

With holiday celebrations around the corner, it’s smart for businesses to take proactive steps to avoid turning a festive gathering into a workplace incident and potential legal headache. It’s important for businesses to take precautions before work Christmas parties, as while these events are meant to celebrate and boost morale, they can create legal, safety, and reputational risks. Here are actionable tips on Preventing Psychosocial Party Hangovers!

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NSW Late Payment Fee Change

NSW Late Payment Fee Change

Important Update: Changes to Late Payment Fee Waiver Process for Workers Compensation Policies. In line with recent regulatory updates, ABILITY GROUP is advising all employers and brokers of a significant change to the process for requesting late payment fee waivers and write-offs for Workers Compensation policies in NSW.

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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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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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