Norwest NSW
Workers' Compensation Insurance
If you employ people in NSW, workers' compensation insurance isn't optional. It pays for medical costs and lost wages when an employee is injured or becomes ill because of their work.
It also protects you. Without it, you could face fines and be personally responsible for the cost of an injury.
What it can cover
- Medical and rehabilitation costs
- Weekly payments to an injured worker
- Return-to-work support
- Lump sum payments for permanent impairment or death, under the scheme
- Legal liability in some situations
Who needs it
- Any NSW employer, including small businesses
- Businesses that pay wages above the threshold set by the scheme
- Some contractors and sole traders, depending on how they work
What affects your premium
- Your industry and the type of work
- Your total wages
- Your claims history
- How well you manage safety and return to work
Case study
An example
A warehouse worker hurts his back lifting stock and needs surgery and several months off. Workers' compensation covers his medical costs and weekly payments, and supports his return to work. Without cover, the employer would be liable.
Illustrative example only. Rules and benefits depend on the scheme and your circumstances.
Contact us
To get set up, tell us:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Workers' compensation insurance FAQs
Generally yes. Employment type doesn't change the need to check. Ask us if you're unsure.
It depends on whether they're genuinely independent. Get advice before assuming they're not covered.
Good safety, accurate wage declarations and a solid return-to-work plan help.
That can lead to a premium adjustment and penalties. Declare accurately.