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.
Calculating your premium
We will use the wage information we already have on your business to calculate your premiums plus a percentage increase for the wage price index. If you are experience-rated, we will also take into account your last three years of claims costs.
You should update your estimated wages via our website if:
- you employ an apprentice
- 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
Your renewal pack will be sent to you six weeks prior to renewal.
Your policy renewal explained
Watch this video to know what to expect from your icare workers insurance policy renewal.
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 brokerIf 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
To help calculate your premiums, you need to declare annual wages once a year.