Workers’ compensation premiums are often one of the largest components of an organisation’s total insurance costs. There are also substantial penalties if employers fail to comply with legislated regulations.
Employers have a duty of care to their employees, and in most instances are legally required to provide compensation for death or injury to those employees whilst working.
This is most commonly achieved through legislation which makes it compulsory to arrange insurance protection (often referred to as “workers’ compensation”, “workmen’s compensation” or “employers liability” insurance.)
Apart from any specific statutory liability, an organisation may also be liable to its employees under common law, depending upon the state and/or country in which it engages these workers.
At EBM they closely review their client’s needs within Australia and overseas before they design an insurance solution to respond to their client’s unique requirements, taking into consideration:-
- Differing scheme requirements between jurisdictions.
- Scope of available cover including statutory benefits, common law, journey claims and industrial diseases.
- Contractual requirements extending to accommodate principals indemnity, waivers and hold harmless provisions, where available.
- Examination of claims history.
- The assistance of EBM’s unique Injury Management service.
EBM’s experienced and professional Account Managers have an intimate understanding of each jurisdiction, including the key factors driving premium costs. This places EBM at the forefront of our industry.
To arrange a Workers’ Compensation insurance quote call Kushla Harris of EBM on 08 9781 4744 today!