Reduce your Workers Compensation Premium
Many workplaces pay far too much by way of workers compensation premiums. Brokers generally provide little assistance to companies in this area. We reduce the workers compensation premiums for most of the businesses we deal with. Many of our clients have enjoyed reductions in their premiums by tens of thousands of dollars per annum. Using techniques relating to splitting categories, identifying more benign categories, and (most importantly) proactively reducing Claims Experience Loading, will generally make a big difference for most businesses. We also resolve issues to do with sub-contractors being deemed workers.
Warwick Ryan has detailed knowledge in relation to this area and can help ensure you do not pay unnecessary workers compensation premiums.
Workers Compensation Premiums & Insurance
Warwick Ryan regularly assists companies to significantly reduce their workers compensation obligations. Sometimes it involves negotiating with insurance companies to fill in workers compensation returns. Sometimes it may involve appealing to WorkCover where the insurance company knocks back the structure of a workers compensation return.
Many businesses don’t realise that they have options to split their businesses under different categories where the nature of their work is diverse within the business. We can help you do this. Furthermore, there are many opportunities for businesses to insulate their administration and sales staff from the more punitive rates, that can attach to them by virtue of the insurance premium or a workers compensation rate applied to their industry by WorkCover.
We can also assist by working together with your broker to ensure all their recommendations are made in the best interests of your enterprise. Sometimes, brokers (not having a detailed understanding of the legal issues) can leave you unwittingly exposed. Inappropriate insurance coverage has brought undone many a business. Warwick Ryan has the knowledge and experience to assist you in relation to these areas.
Critically, for businesses with wages more than $300,000, the claims loading becomes a major factor in assessing your premium. Proper advice in relation to dealing with injured staff can save you tens (or even hundreds) of thousands of dollars. We can also give you highly technical advice surrounding the best way of dealing with workers to ensure that their post-injury conduct does not jeopardise your premiums. We work with a consultant, Chris Harrington, who has twenty years experience in this area to ensure that you do not pay more Workers Compensation premiums then you are absolutely required.
If you do have a dispute with an insurance company, we have the experience to assist you in negotiating with or litigating against the insurance company for your full entitlements.