Above all else, remember: it’s insurance

Like all insurances, improving your risk management and minimising both the frequency and severity of claims will provide you with a lower premium.

Make it a priority

Workers’ Compensation is too complex to allow it to run in the background. Only by prioritising it will you invest the necessary time and resources to gain control of your Workers’ Compensation and achieve reductions in your premium.

Make it a priority

Workers’ Compensation is too complex to allow it to run in the background. Only by prioritising it will you invest the necessary time and resources to gain control of your Workers’ Compensation and achieve reductions in your premium.

Identify and manage the risks

All business and their cultures are different. Spend time understanding the risks associated with your business and developing measures to mitigate or eliminate them.

Control the losses

How you manage an injury will directly correlate to the impact the injury has on your business and your premium. Take control of the process and direct the actions of the key stakeholders.

Control the losses

How you manage an injury will directly correlate to the impact the injury has on your business and your premium. Take control of the process and direct the actions of the key stakeholders.

Early intervention is the key

Developing a reporting culture within your organisation will allow you to address injuries and claims before they get out of hand. An effective early intervention program will contain both the claims duration and costs.

Build a network of providers

You will achieve greater results if the people working to assist the resolution of the claim have a relationship with you and have an in depth understanding of your business.

Build a network of providers

You will achieve greater results if the people working to assist the resolution of the claim have a relationship with you and have an in depth understanding of your business.

Engage an insurer that will work with you

It is essential that you have a partnership with your insurer where both parties are working together to achieve a clear and agreed-upon goal. Find an insurer that will work with you and ensure that you work with the insurer.

Manage the liability process

Liability is a complex process and a significant number of claims are accepted when the employer is not liable to pay compensation. Engaging someone to manage the eligibility process for you will achieve significantly better results than a note on the claim form.

Manage the liability process

Liability is a complex process and a significant number of claims are accepted when the employer is not liable to pay compensation. Engaging someone to manage the eligibility process for you will achieve significantly better results than a note on the claim form.

Review your business activity

Industry classifications are sometimes set up incorrectly at policy inception and sometimes business activities change over time but never relayed to the underwriter. Reviewing your business activity and ensuring that your industry classification is correct can achieve substantial savings for the business and protect the business from having to pay additional premium and penalties.

Engage a specialist Workers’ Compensation broker.

Workers’ Compensation is extremely complex. A specialist broker such as Aegis can help you ensure that you are maximising your opportunities and limiting your liabilities in this space.

Engage a specialist Workers’ Compensation broker.

Workers’ Compensation is extremely complex. A specialist broker such as Aegis can help you ensure that you are maximising your opportunities and limiting your liabilities in this space.