by ABILITY GROUP | Mar 29, 2021 | Premium, Uncategorized, Workers Compensation
Following months of industry speculation, as many have predicted NSW workers compensation premiums will be increased from 1.4% of wages to 1.44% of total NSW wages in the 2021-22 financial year. With the icare run NSW workers compensation scheme having been in media headlines, this announcement comes as no surprise. So what does it mean for your business?
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by ABILITY GROUP | Mar 1, 2021 | Claim management, Injured Worker, Premium, Wage Audits, Workers Compensation
If you are an employer and you feel out of your depth trying to navigate through the Workers Compensation process, you are not alone
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by Marc Ring | Feb 24, 2020 | Premium, Workers Compensation
NSW workers compensation has seen significant change in the recent years & it is difficult for businesses to stay updated. Under current NSW legislation, there are numerous different incentives that can reduce workers compensation premiums. To make things easy we have summarised each incentive.
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by ABILITY GROUP | Jun 6, 2019 | Claim costs, Premium, Workers Compensation
icare have released insights on how the scheme is performing based on actuarial data. Data identifies noticeable increases in both psychological & medical related claim costs increases.
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by ABILITY GROUP | Nov 1, 2018 | Premium
For all NSW workers compensation policy holders with a 30 June 2018 Renewal date, the deadline to submit Declaration of Actual Wages was 31 October 2018. If you have missed this date, your submission is now overdue. icare has advised that the policy adjustment process will soon commence for those submitted before this date.
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by Marc Ring | May 12, 2017 | Appeal, Claim costs, Claim management, Consulting, Premium, Success Story, Workers Compensation
After a new client engaged ABILITY GROUP to assist with a complex claim, our efforts secured a fantastic outcome that will save our client approx. $400,000 in premium increases. By the time we were involved, solicitors and an arbitration date we already booked. The insurer had communicated very little to the client and what the injured worker was seeking through a settlement was a large amount that would have significantly impacted their premium.
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