Workers’ Compensation Insurance covers a worker’s wages if they suffer a work-related injury or disease and are unable to return to work for a period of time. The rules regarding Workers’ Compensation differ from one state and territory to the next, but it can be considered compulsory for any business that employs workers on a full-time, part-time, casual or apprenticeship basis.
Workers’ Compensation Insurance ensures that injured or sick workers are supported to return to work through injury management and income support. It also protects the rights of that worker while they’re unable to work.
To ensure compliance with workers’ compensation legislation, businesses must have a valid Workers’ Compensation policy in place for any worker they employ. The definition of a ‘worker’ is very broad and covers:
Workers’ compensation can protect businesses against lawsuits when a worker sustains an injury or work-related disease in the course of their employment.
Each state and territory has its own workers’ compensation scheme in place, which means the schemes are administered in different ways.
HIA Insurance Services can assist with Workers’ Compensation Insurance only in Western Australia, South Australia, Tasmania, the Australian Capital Territory and the Northern Territory. HIA Insurance Services acts as a broker in these regions by sourcing quotations and taking out a policy on a business’s behalf.
Businesses operating elsewhere should check the relevant compensation scheme’s website for their state.
Workers’ Compensation Insurance provides financial compensation to workers if they sustain a work-related injury or illness and are unable to work.
Compensation may cover the following:
Worker’s Compensation Insurance for the Building and Construction Industry in Western Australia, South Australia, Tasmania, the Northern Territory and the ACT is arranged by HIAIS and underwritten by QBE Insurance (ABN 78 003 191 035, AFSL 239545). If you purchase this insurance, HIAIS will receive a commission that is a percentage of the premium. Further information can be found in HIAIS’ FSG or provided upon request.