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.
Per icare’s new policy renewal process (implemented since 30 June 2018), all policies have been automatically renewed using the wages currently on file. icare has advised that employers should submit a Declaration of Estimated Wages only if there is a variance of more than 15% between the wages used for the renewal and the figure you have estimated as the wages for the period.
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.