Your Policy

As a large business, your company structure may mean that you have complex needs when it comes to managing your workers' compensation policy.
 
We will work with you and your advisor to understand your business structure and strategy and help make the management of your portfolio of policies as effective and efficient as possible.

Premium rates are reviewed by CGU annually.  The rate you pay is determined by your industry or occupation.  This rate is then applied to your gross estimated wages for the 12 month period. The rate may be varied subject to your previous claims history and wageroll. 

If one of your workers has a work related injury or industrial disease and you are uninsured, you will be liable for the cost of that claim. You may also be liable for the cost of any damages awarded by a court. In addition, you may be liable for triple the amount of premium that would have been payable had a policy been maintained and triple the cost of the claim. For further information, see the WorkCover ACT website.

Under the terms of the policy we issue, you have certain policy and claims responsibilities to fulfil. It is important that you take the time to read your policy document so that you are aware of these obligations.

Your obligations include:

• providing estimated and actual wages declarations for each policy period you are insured with us
• maintaining proper wages records for every worker employed
• allowing inspection of your wages records by a duly authorised representative appointed by us 
• giving notice of any injury or incident as soon as practicable  (Employers Indemnity Policy to be included)

   

As an employer, you also have obligations when one of your employees is injured at work. For further information, see the claims section for employers.