Overdue Premium Adjustments

Overdue Premium Adjustments

Overdue premium adjustments are a critical issue for businesses, as they directly affect compliance, cash flow, and client trust. Employers and policyholders must understand how insurance premium adjustments work, why delays occur, and how to manage them effectively...
Premium Renewal Update

Premium Renewal Update

The Premium Renewal Update marks a significant step forward for ABILITY GROUP, designed to enhance customer experience, streamline subscription management, and deliver greater value to members. This update ensures that every renewal process is not only seamless but...
Icare Updated Premium Model

Icare Updated Premium Model

icare recently communicated NSW workers compensation premium formula has been updated. An important change is the exclusion of fatality claims. icare Updated Premium Model The Late Payment Fee rose from 0.779% to 0.808% per month (compounded), the Mine Safety Levy...

2015-16 Renewal Capping

In the new scheme changes, NSW WorkCover introduced a provision for a premium capping. Although not widely known, relevant businesses are able to apply for certain capping. ABILITY GROUP can help develop a business case and apply for capping at no cost, with fees only...