Category Archives for "Blog"

CGU exits Victorian WorkCover scheme

Just before Christmas 2020 we received the shock news that CGU has decided to turn its back on workers compensation in Victoria, leaving four agents to administer claims- and premium-related matters on behalf of WorkSafe Victoria. How can an agent (insurer) just leave like that? In Victoria, there are five WorkSafe-appointed agents. These are Allianz, […]

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  • 8 January 2021

How WorkSafe agents are paid

Most employers assume they pay their WorkCover premium to their WorkSafe agent. But as I’ve explained in the past, that is not the case. You pay it to WorkSafe, which then remunerates your agent. ‘We pay you guys $100,000 every year in insurance and what do we get in return for it?!?’ exclaims many a […]

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  • 29 October 2018

Why you should turn WorkCover premiums into profits

An injured worker is the one stakeholder in the WorkCover scheme who is an involuntary participant. No-one, I hope, wants to get injured (although nothing surprises me anymore). Following the unfortunate event of a workplace injury, a worker must navigate a slow and complex medical system, and they must do this while adjusting to a […]

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  • 22 October 2018

In defence of WorkSafe agents (a.k.a. insurers)

The Victorian WorkCover Authority (VWA) is also known by their trading name WorkSafe Victoria. They are the state government agency who regulates and underwrites the Victorian workers compensation scheme. WorkSafe has appointed five agents to administer premium- and claims-related matters on their behalf. These are Allianz, CGU, Employers Mutual Limited (EML), Gallagher Bassett (GB) and […]

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  • 1 October 2018

5 reasons WorkCover is unlike insurance

Many business owners presume WorkCover insurance is just like the other types of insurance most businesses hold: public liability, professional indemnity and so on. It is my opinion that employers need to shift their mindset regarding how they think of WorkCover. So much so that in my book WorkCover that Works I make the case that […]

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  • 26 September 2018

How to compare your company’s WorkCover performance against your competitors

Your WorkCover premium renewal notice contains several important details revealing the early (or sometimes late) indicators of potential problems within your business. You must measure your performance using a variety of metrics including those measured from within your business and others measured by agencies receiving financial information about you, such as WorkSafe Victoria. This article […]

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  • 6 September 2018

WorkCover premium reduction: 3 simple actions to start saving now

Every July employers right across Victoria receive their WorkCover insurance premium renewal notices. Business owners, CEOs, CFOs, managers and Return To Work Coordinators are all curious to find out what WorkSafe is planning to charge them for the year ahead. Rarely do I meet anyone who’s excited about paying their WorkCover. But I meet plenty […]

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  • 1 August 2018
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