What is Workers Compensation insurance?
Workers Compensation Insurance is designed to cover the wages of your workers if they suffer a work-related injury. It is also intended to cover the medical expenses, treatment and rehabilitation costs.
Workers Compensation Insurance is compulsory in Australia and it is vital in keeping your business and employees secure in the event of a claim.
Get your Workers Compensation Insurance quote online now.
What does Workers Compensation insurance cover?
- All employees who are deemed to work for you.
- Usually covers anyone receiving a wage or commission payment, including casual and temporary employees, apprentices, trainees and some contractors.
Does not cover
Why should you choose GIO?
Get a quote and buy online
Comprehensive range of training courses and seminars
We have a Sydney-based call centre, ready to help
Leading personal injury claims management performance
Frequently asked questions
Do I need Workers compensation insurance?
In NSW, it is compulsory to have a workers compensation policy if:
- You engage workers or contractors deemed to be workers and pay, or expect to pay, more than $7,500 a year in wages, or
- You engage apprentices or trainees, or you are a member of a Group for workers compensation purposes.
For more details on the status of workers for workers compensation insurance, please visit the WorkCover NSW website.
Who is a worker for workers compensation purposes?
In NSW, a worker for workers compensation purposes is: ‘a person who has entered into or works under a contract of service or a training contract with an employer (whether by way of manual labour, clerical work or otherwise, and whether the contract is expressed or implied, and whether the contract is oral or in writing)'.
However, as many employment relationships are not standard, some people are also classified as ‘deemed’ workers. To assist you to clarify whether a person is a worker for workers compensation purposes, WorkCover NSW has designed a self-assessment tool. This tool is available to all employers and is designed to identify the worker status of the person(s) through a series of simple questions.