Workers Compensation Specialists in Greystanes, New South Wales | Insurance broker

Workers Compensation Specialists

Locality: Greystanes, New South Wales

Phone: +61 1300 317 416

Address: PO Box 5224 2145 Greystanes, NSW, Australia

Website: http://www.wcspecialists.com.au

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24.01.2022 2018-19 Premium Changes iCare announced premium changes for 2018-19 effective 30 June 2018. Below are the key changes: Catastrophic claims contribution... iCare has lifted the burden of catastrophic claims on premiums. An employer whose premium is impacted by claims, the premium will no longer be affected in the unfortunate event one of your people is fatally injured at work. Instead, a one-off contribution will apply to all employers when they make such a claim. Youll see this referred to as the Catastrophic Claims Contribution. This is intended to remove the volatility in premiums for employers where a workplace fatality occurs. This contribution goes towards providing vital support for the dependants of a worker who has passed away as a result of a work-related incident. iCare will calculate how much you need to pay based on your Average Performance Premium at the end of the policy period in which the incident occurred, minus any excess youve already paid in relation to your claim. The minimum Contribution you will pay is $1,000 and the maximum is $250,000 (based on your Average Performance Premium). The contribution is invoiced at the end of the policy period in which the incident occurred, separately to premium. Any related premium-impacting claims costs will not be included in claims history in future policy periods. Premium capping Experience rated employers will now benefit from greater premium stability with the introduction of premium caps. A cap will be applied to an experience premium if the new premium rate is more than 30% greater/lower than the old premium rate. The cap applies where the increase/decrease in premium percentage rate is a result of a change in the employers claims experience, or due to amendments in the premium methodology. The cap does not apply if the increase is because of: an increase in wages change to a WIC classification a change of business activity. This cap will be applied automatically at renewal there is no action required by employers. WIC Codes Workers Compensation Industry Classification (WIC) codes have been reviewed with half of the rates increasing and the other half reducing reflecting the latest performance of each industry. Auto renewals Experience rated employers will now benefit from having their policy automatically renewed.

24.01.2022 Workers Compensation Independent Review Office facing the threat of closure.

24.01.2022 icare is recruiting a 30-strong workers compensation claims team to offer an enhanced service for customers.

24.01.2022 icare is recruiting a 30-strong workers’ compensation claims team to offer an enhanced service for customers.

23.01.2022 Families may be unwittingly exposing themselves to the risk of liability for injuries to au pairs and nannies they hire directly from online platforms.

22.01.2022 icare backs non-medical recovery trial

20.01.2022 Studies have found that staying at work or returning to work soon after illness or injury helps people to recover better and more quickly, boosting their chances of long-term employment. #recoveratwork

20.01.2022 icare's Medical Support Panel pilot initiative to significantly reduce treatment approval timeframes for injured workers within the NSW Workers Compensation scheme continues to be a success and has been extended to mid November.

18.01.2022 The decision could potentially open the way for other similar claims.

18.01.2022 Office worker smashes broken sprinkler into her own face to make compo claim.

17.01.2022 Another happy client in the transport industry by achieving a saving of $21,500 a year after reviewing their Workers Compensation insurance policy. If you're in a transport business and you would like to know more, please contact us for an obligation free review of your Workers Compensation insurance policy. #transport #workerscompensationinsurance

16.01.2022 How important it is to ensure measures are put in place to eliminate the risk of any psychological injury. The parties reached the six-figure settlement during compulsory mediation before the matter went to the NSW District Court.

15.01.2022 icare study has revealed that New South Wales is one of the most expensive Workers Compensation jurisdictions in Australia when it comes to purchasing medical imaging.

15.01.2022 In 2016/17, icare paid $1.8bn in income support, treatment and care for injured workers in NSW. However, $400m of the amount paid related to claims that occurred in the 2016/17 year with $1.4bn covering injured workers from earlier years.

15.01.2022 All employers in NSW (except exempt employers) must have a Workers Compensation insurance policy. An employer is any business that employs or hires full-time, part-time or casual workers. Working directors of a corporation are considered employees of the corporation. In 2016, 5000 NSW small businesses didn't take out a Workers Compensation insurance policy. If you haven't taken out a Workers Compensation insurance policy, please contact us to obtain a quote.

13.01.2022 #insurance #injury #liability #injuryprevention #insuranceclaims

11.01.2022 Based on interim results, icare's medical panel trial for treatment approvals has significantly reduced the approval time from 30 days to an average of 4 days.

10.01.2022 The Australian Diagnostic Imaging Association (ADIA) has warned that injured workers may soon be short-changed due to ICARE's planned cuts to x-rays and scans. #xrays #workerscompensation

09.01.2022 Scheme agent transition update. ICARE has given more detail on the NSW Workers Compensation scheme agents. - All CGU and QBE claims will be transferred to GIO between July and December 2017, as CGU and QBE exit the scheme. ... - ICARE is not allowing employers to transfer to EML before 1 January 2018. - ICARE will introduce a new segmented claims operating model. There will be 5 claims streams, meaning multiple contact points at EML for employers. Segmentation of claims will be data driven. - The portal ICARE had advised would be available from 30 April for policy renewals is not ready, with the roll-out delayed until later in 2017. WCS will provide more details on this as it becomes available.

08.01.2022 49-year-old man faces serious fraud charges WorkSafe has charged a Roxburgh Park man with dishonestly obtaining financial advantage by allegedly receiving more than $700,000 in unlawful workers compensation payments. http://bit.ly/2HO3XDk

08.01.2022 Allianz will "disengage" as an agent for the Insurance & Care NSW (icare) Workers Compensation scheme by the end of the year.

07.01.2022 In 2018, the icare foundation will allocate $5 million to organisations who support injured workers trying to re-join the workforce.

06.01.2022 The sustainability of the NSW workers compensation Nominal Insurer, which insures 3.6 million employees and collects over $2 billion in premiums a year, is in jeopardy according to the former workers compensation principal actuarial adviser to the State Insurance Regulatory Authority (SIRA).

05.01.2022 Another fantastic result we achieved for a business with 20 employees in the transport/storage industry. For the last 5 years, this client had the incorrect industry classification allocated to their Workers Compensation insurance policy. The new industry classification resulted in a reduction in premium of $14,500 every year. We also achieved to have the classification to be retrospective resulting in a premium refund of $48,000. #workerscomp #savings #transport #storage

05.01.2022 This is an example of how important it is for businesses to identify foreseeable risks to health and safety in the workplace. #workplacesafety #whs #workerscompensation

04.01.2022 Workplace injuries cost New South Wales businesses a total of $1.17bn in Workers Compensation for the 2016/2017 financial year.

03.01.2022 An international freight company has been ordered to pay compensation to a worker found to have been unfairly dismissed for playing golf while on restricted duties for a back injury.

03.01.2022 A year on from the deadly Dreamworld accident, new laws have been introduced that make employers criminally liable for workplace deaths.

02.01.2022 Having good policies and procedures and following them will certainly help employers in their defence.

01.01.2022 A 65-year-old man has died after being struck in the head with a piece of equipment at the NorthConnex work site in Pennant Hills.

01.01.2022 A Domino's Pizza employee who missed out on winning her second consecutive driver-of-the-year award has claimed the $15,000 prize was rigged and that the loss left her with a psychological injury.

01.01.2022 Not sure if a contractor is considered a deemed worker? Below is a tool that can help you determine whether a person is a deemed worker or contractor for Workers Compensation insurance purposes.

01.01.2022 icare to offer a scheme performance discount for the 2016/2017 policy year.

01.01.2022 Breaking news! Scheme agents beyond 2017. ICARE has announced today that EML, GIO and Allianz have been selected as partners to provide claims services in the NSW Workers Compensation Scheme beyond this year. CGU and QBE will not continue as service providers, CGU following their withdrawal from the selection process. Both CGU and QBE will conclude their role as an ICARE scheme agent on 31 December 2017.... EML has been selected as the sole agent for new claims from 1 January 2018, with GIO and Allianz providing services as transition agents.

01.01.2022 Workers Compensation Specialists will commemorate tomorrow with true Anzac spirit. It is a time to reflect on past wars and the sacrifice made by those who have served in conflicts, past and present. In particular, we wish to support those men and women on the front line in Iraq, Syria and Afghanistan and those who protect Australian borders in all parts of the defence force. We thank them for the time they spend deployed away from their loved ones so we can enjoy freedom in this great country of ours. Lest we forget.