by ABILITY GROUP | May 18, 2025 | Claim management, Claims, Injured Worker, Injury Management, Premium, Reforms, Workers Compensation
As 30 June approaches, NSW employers renewing workers compensation insurance should check the policy details, wage estimates, business activities and claims experience used to calculate the premium. ABILITY GROUP can help review a renewal and identify questions to...
by Marc Ring | Nov 25, 2024 | Premium, Wage Audits, Workers Compensation
In NSW the State Insurance Regulatory Authority (SIRA) has recovered $10M in underpaid premiums. SIRA identified 81 employers suspected of being underinsured for workers compensation, primarily due to under-declaring wages. This was achieved through direct employer...
by Marc Ring | Oct 21, 2024 | Premium, Workers Compensation
Timely submission of a business’ actual wage declarations is an essential step in processing their workers compensation premium adjustment. In discussions with underwriters recently we have noted a heightened focus for insurers to obtain Actual Wage Declarations...
by Marc Ring | Oct 14, 2024 | Claim costs, Claim management, Claims, Premium, Workers Compensation
Each state/territory has specific workers’ compensation regulations with a common goal of providing financial support for injured & ill workers. So what happens with some types of Annual Leave & Workers Compensation Claims? We want to remind all...
by Marc Ring | Jun 3, 2024 | Premium, Workers Compensation
Businesses with workers compensation insurance must declare the actual wages paid during their policy period. This declaration is essential for calculating your Adjusted Premium, which ensures you pay the correct amount and contribute fairly to the scheme. ABILITY...
by Marc Ring | May 28, 2024 | Breaking News, Premium, Workers Compensation
icare confirmed today that NSW workers’ compensation premiums will increase by the maximum allowed. This represents an average of 8% as previously communicated. To curb premiums, manage injuries and claims tightly. icare announced NSW workers’ comp premiums will...
