A month ago, I doubt any of us could have predicted the impact that a virus would have on Australian society. One of the most significant impacts of COVID-19 has been on the ability of businesses to continue to operate and continue provide employment. As always BJS Insurance Brokers and their specialty Workers’ Compensation Division, Aegis Risk Management Services (Aegis) are looking for ways to support our clients during this period.

In times of crisis for our clients, Aegis has prided itself on its agility and capability to seek solutions to unique problems. To that end, we have been working on ways to assist employers:

1. Who have had to cease or reduce their operations
2. Who are experiencing cash flow issues due to the impact of the coronavirus on their business activities

The assistance currently available in relation to your Workers’ Compensation policy is outlined below.

Disruption to normal business activities

Some of you have had to make the hard decision to either cease operating or significantly reduce the scope of your operations.

If you have had to cease employing or considerably reduce the number of staff that you employ, you may be entitled to a partial refund of your Workers’ Compensation premium.

Aegis can assist you in not only identifying if you are entitled to a refund, but in obtaining any eligible refunds.

In addition, the various insurers and regulators throughout Australia are providing various levels of premium relief to employers impacted by COVID-19. At present this is being addressed on a case by case basis.

As always, BJS and Aegis are committed to supporting our clients through any and all challenges. If you would like help regarding any of the above, please get in touch today.

COVID-19 premium relief considerations

The various insurers and regulators throughout Australia are providing various levels of premium relief to employers impacted by COVID-19. At present this is being addressed on a case by case basis.

If you would like to explore your eligibility for consideration of relief relating to the payment of your Workers, Compensation premium, please get in touch today.

Disclaimer: This article provides general advice and should not be considered legal advice or an insurance consultation. You should seek appropriate counsel for your own situation. In addition, this post is directed at people in Australia. If you are outside Australia, please be aware that the circumstances in your own country may be different.