Business Insurance

Workers Compensation Insurance

Workers Compensation Insurance

Ensure you have the right amount of this compulsory cover

Employers are required by law to take steps to ensure their workplaces are safe. This includes having workers’ compensation insurance for all their employees.

What do you need to know?

  • Who should consider it?

    Workers’ compensation insurance is compulsory for all employers in every state and territory in Australia. Each state or territory has its own workers’ compensation scheme, run by independent regulators, with rules differing slightly between each jurisdiction.

  • What can it cover?

    Workers’ compensation insurance pays employees who are injured at work or become sick because of their work.

    Workers’ compensation insurance can cover:

    • Employees’ wages if they’re not fit to work
    • The cost of their rehabilitation and medication

  • What isn't covered

    There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Steadfast insurance broker.

Find a Steadfast Broker

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Case Study

Staff injury and illness can be impossible to foresee

Employee suffers carpal tunnel syndrome

Lin works on a production line, packing food products. After five years at the job, she develops carpal tunnel syndrome, which is painful and makes it impossible for her to do her job.

It was found that the repetitive work on the production line caused her condition. She needs to take time off work to rest, undergo physiotherapy and have corticosteroid medication.

Lin’s employer is able to claim on their Workers’ Compensation. They also took steps to improve their work safety practices, such as moving staff to different tasks and ensuring they take regular breaks during the day.