December is a critical month for businesses and individuals alike. As the year draws to a close, many contracts, policies, and agreements come up for renewal. At ABILITY GROUP, we understand that managing December renewals can feel overwhelming, but with the right planning, it’s an opportunity to start the new year strong.
Since 30 June 2018, icare automatically renews policies using wages on file. Employers need to submit a Declaration of Estimated Wages only if their estimate differs by more than 15%.
December is always busy at work & personal lives. It is also the second largest workers compensation renewal period in NSW & other states/territories. Many businesses would have received policy Renewal documents & a quick review can make sure you aren’t paying more than you should.
Other states & territories have different guidelines so it is important to check your policy renewal is correct. Our quick review could reduce your business ‘ workers compensation costs, so if you have any questions, please do not hesitate to contact us.