Renew your Workers Insurance policy

Whether you are a small or an experience-rated employer, your policy will renew automatically.

If you haven't cancelled your policy it will renew automatically and you will continue to be covered.

icare will take care of most of the paperwork for you, and we'll send you an invitation to renew your policy prior to the policy expiry date. Contact icare on 13 44 22 if you need to update your details.

Pay your premium    Declare your wages

Calculating your premium

We will use the wage information we already have on your business to calculate your premiums, including apprentice wages if you employ apprentices. If you are experience-rated, we will also take into account your last three years of claims costs.

Contact icare immediately on 13 44 22 so we can revise the premium amount appropriately if:

  • you are a small employer and expect your wages to differ by 25 per cent or more; or
  • you are experience-rated and expect your wages to differ by 15 per cent or more.

Renewal premium information packs

icare will send you a renewal pack containing information confirming your policy renewal including a Declaration of Actual Wages form and payment options.

Your tax invoice and premium calculation shows what you need to pay for the next 12 months.

Renewing your policy

Small employers

Your renewal pack will be sent to you six weeks prior to renewal.

Learn more about your renewal pack (PDF 1.3MB)

Your policy renewal explained

Watch this video to know what to expect from your icare workers insurance policy renewal.

Experience-rated employers

Your premium document pack will be sent to you after the policy renewal date.

Learn more about your renewal pack (PDF, 0.9 MB)

Employers with a broker

If your policy has been managed by an insurance broker, the process won’t change. Your broker will receive a notification that your policy is due for renewal and your broker will be noted on your policy.

Declaration of Actual Wages

Every business with an icare Workers Insurance policy needs to declare the amount of wages paid within the year. You have four months after your policy renews to submit the declaration.

Depending on how much you’ve paid in wages during the policy period, your premium for the current policy period may be adjusted. You may be required to pay additional premium, or you may receive a refund.

Learn more about declaring wages