Industry News, Information & Insights
Claims Review Saves Client $140000
At ABILITY GROUP, we understand that managing workplace claims can be complex and costly. For many employers, inaccurate or unchecked claims can lead to significant financial losses. Our recent claims review project demonstrates how expert analysis...
Reforms Causing Premium Increases
From 30 June 2015, the calculations for NSW businesses with a premium > $30,000 change completely. The new key drivers of premium become: - Wages and business activity - Claim performance now benchmarked against scheme rather industry - Return...
WorkCover Appeals
Various sections of the NSW Workers Compensation Act 1987 allow a business to lodge a WorkCover appeal. We have seen the upcoming changes already impact some businesses as they face financial pressure caused by higher premium and there could be...
Changes Complex & Confusing
The 30 June 2015 NSW changes include a new formula to calculate premiums with a range of new metrics replacing traditional measures. Although designed to make premiums easier to understand, many people are saying the actual result is wide of this...