Protecting Your Workforce, Managing Your Risk
Workers Compensation Insurance
Workers compensation insurance is a legislative requirement for most Australian employers, when operating an incorporated entity. It provides coverage if employees suffer work-related injury or illness - covering medical costs, rehabilitation, and wage replacement.
Australia’s workers compensation system is primarily based on government-managed schemes, but some states (NT, ACT, WA, TAS) operate open markets where general insurers provide cover directly. Bruce Chiene Insurance Brokers help you understand the system applicable to your location and industry to find the right insurance solution.
Government Schemes and Open Market States
Government Scheme States
Most Australian states and territories operate workers compensation schemes managed by government agencies. Employers in these jurisdictions must obtain cover through these monopoly insurers, except in certain circumstances:
- New South Wales (NSW) - Insurance and Care NSW (icare)
- Victoria (VIC) - WorkSafe Victoria
- Queensland (QLD) - WorkCover Queensland
- South Australia (SA) - ReturnToWorkSA
Open Market States (General Insurer Quotes)
In a few jurisdictions, there is no government workers compensation insurer, and licensed general insurers provide cover directly to employers. These are also often referred to as “risk states”:
- Western Australia (WA)
- Tasmania (TAS)
- Australian Capital Territory (ACT)
- Northern Territory (NT)
These open markets allow businesses to seek competitive quotes and more tailored policies from private insurers.
It is important to note that the coverage and benefits provided are legislated in every state, meaning that all insurers must provided the same cover and compete on price.
How Bruce Chiene Insurance Brokers Can Help
- Clarify your state’s workers compensation framework and obligations
- Access government schemes or competitive insurer markets as applicable
- Support policy placement, renewals, and claims management
- Advise on workplace safety and injury prevention to reduce premiums
- Help manage compliance and reporting requirements
Key Considerations
- Premiums vary by state, industry classification, and claims history
- Some states offer self-insurance options for eligible employers
- Alternate premium models are also available for larger employers
- Government schemes have strict regulatory and reporting standards
- Open market states provide flexibility with insurer choice
Why Bruce Chiene Insurance Brokers?
- Expert knowledge of all Australian workers compensation systems
- Access to both government schemes and private insurer markets
- Strong insurer and agency relationships
- Comprehensive claims and risk management assistance
Get in touch
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Understanding your workers compensation obligations and options can be complex. Bruce Chiene Insurance Brokers are here to simplify the process and help you secure the best protection for your workforce and business.
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Workers Compensation