Workers Compensation

A common law claim is a claim for damages in which it is necessary for the worker to prove 'fault' in the form of negligence or breach of statutory duty on the part of the employer.

A “recurrence” is when the symptoms of a previous injury recur spontaneously, whilst a “aggravation” is when symptoms of a pre-existing injury are increased by a new and definable event.

We will use the wage information provided in your Estimated Wages Declaration Form to calculate your premium.

There are also additional factors taken into consideration by GIO when calculating Workers Compensation Insurance premiums, including:

• Industry type
  
• Cost of previous workers compensation claims associated with the business
• Claims history
• Applicable government charges

At the term expiry, your premium will be adjusted based on the information provided in your Actual Wages Declaration Form. If your actual wages are lower than your estimated wages for the policy period, you may receive a refund of premium. If your actual wages are higher than your estimated wages, you’ll need to pay extra premium.

Employers have a number of workers compensation responsibilities, including having Workers Compensation Insurance that is current and prominently displaying at each workplace details of your insurance coverage.