by Marc Ring | Apr 16, 2014 | Work Health & Safety, Workers Compensation
We have previously covered the significant financial and people impacts psychological related workers compensation claims can have on a business. The new bullying laws create broader risks beyond workers compensation and management of employees by having the right systems, processes and access to experts, can save you money and effort. A leading insurer recently shared thoughts on this worrying industry trend and what steps can be actively taken to help minimise risks.
(more…)
by Marc Ring | Mar 26, 2014 | Consulting, Work Health & Safety, Workers Compensation
For a while now there has been a raging debate of the benefits of public versus privatisation of NSW Workers Compensation. NSW Premier, Mr Barry O’Farrell, has driven dramatic changes to NSW workers compensation over the last 18 months with businesses being the main beneficiaries. More recently, Prime Minster Tony Abbott, announced repeals allowing national businesses to self-insure via Comcare and consequently there is a renewed push for the privatisation of NSW Workers Compensation.
Insurers, insurance brokers and businesses alike could benefit from a push to privatise NSW workers compensation. But who would benefit most?
(more…)
by Marc Ring | Mar 19, 2014 | Consulting, Work Health & Safety, Workers Compensation
Tony Abbott today has announced red tape repeals aimed at delivering promised $1 billion-a-year cuts to red tape for business, charities, etc.
For businesses that operate across states, Tony Abbott today has announced red tape repeals that will encourage these businesses to enter the Comcare self-insurance workers compensation scheme. At the same time, the national workers compensation Comcare scheme will be tightened to prevent reckless workers claiming for injuries caused by their own misconduct. These are dramatic changes that will be hotly debated.
(more…)
by Marc Ring | Mar 12, 2014 | Work Health & Safety, Workers Compensation
Work safety around all types of vehicles is always important as accidents occur and the consequences can be tragic. Despite the obvious traumatic consequences of serious or fatal accidents, business owners can face severe fines and it is important business owners take steps protect the safety of their workers.
Regrettably a recent accident on Wolli Creek Marsh Street site resulted in the a 30-year-old Sydney man losing his leg after attempting to move tyres under an excavator to avoid it damaging to the road. NSW WorkCover investigation is underway.
(more…)
by Marc Ring | Feb 7, 2014 | Consulting, Work Health & Safety, Workers Compensation
Recent changes relating to Workplace Bullying took effect 1 January 2014 and it is important businesses understand what the changes mean and how they can address workplace bullying. We are seeing an increasing trend of workers compensation mental health and psychological related claims (which are 7-8 times more costly than physical claims) with the majority due to workplace bullying. Early intervention and appropriate internal processes can help minimise risk of such claims and therefore avoid significant premium increases. Management of these types of claims is critical and businesses need to take steps to minimise risk.
(more…)
by Marc Ring | Jan 20, 2014 | Consulting, Work Health & Safety, Workers Compensation
Recent research found workers who regularly exercise reap rewards in the work life balance struggle most people face today. The study also found that employees who dedicated time in their day to exercise were more productive, confident, happier and less stressed. Last month we touched on workplace health programs where investing in your people leads to a more engaged workforce who are less likely to make workers compensation claims.
(more…)
We have previously covered the significant financial and people impacts psychological related workers compensation claims can have on a business. The new bullying laws create broader risks beyond workers compensation and management of employees by having the right systems, processes and access to experts, can save you money and effort. A leading insurer recently shared thoughts on this worrying industry trend and what steps can be actively taken to help minimise risks.
