Connecting you to your cover

The icare Workers Insurance policy hub connects you with information and updates to help you get the best out of your Workers Insurance policy.

2018-19 Premium Changes 

icare is committed to putting our customers’ needs at the heart of everything we do. With this in mind, we’ve made some updates to our premium model to provide employers with greater stability and make things simpler.

    2018 to 2019 Premium Updates

  • Catastrophic claims contribution

    Fatality claims will no longer be included in the claims experience for your premium. However, your business will be required to pay a one-off contribution amount if a claim is made in relation to a workplace incident or injury if it results in the death of your worker.

    The contribution is based on a percentage of your Average Performance Premium (APP) and is capped at a $1,000 minimum and a $250,000 maximum.

    The contribution does not apply to uninsured employers with an Uninsured Liability Insurance Scheme (ULIS) claim, Loss, Prevention and Recovery (LPR) employers and exempt employers. 

  • Cap on experience premium changes

    There will be a 30% cap on experience premium changes for employers.

    The cap is only applied if the increase or decrease results from a change in your claims experience, or due to amendments in the premium methodology.

    If you qualify for capping, this has been automatically applied to your premium.

  • Adaptive maximum premium component

    In 2018/19 an adaptive maximum premium component has been introduced which will be applied to employers who have consistently high claims costs year-on-year.

    Employers that have had a claims performance rate (CPR) of 400% and above for more than one year will have an increased claims performance adjustment (CPA) rate.

  • Changes to the Mine Safety Levy (MSL)
    The MSL for 2018/19 has increased to 1.0879% from 0.917%.
  • Changes to the Dust Diseases Levy (DDL)
    The rates for the DDL schedules have stayed the same, however ten WIC’s have moved down a schedule and nine have moved up a schedule.
  • Late Payment Fee - Prescribed Rate
    The Late Payment Fee rate for 2018/19 has increased to 0.808% from 0.779% per month, compounded monthly.

icare Aware Awards

Recognising employers who promote a strong safety culture in the workplace.

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Upcoming Events

Sapphire Coast

Community Engagement Event 

Wednesday, 22 August 2018

10:30 am to 12:30 pm (AEST)

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Community Engagement Event

Thursday, 26 July 2018

10:30 am to 12:30 pm (AEST)

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Community Engagement Event

Wednesday, 25 July 2018

7:30 am to 9:30 am (AEST)

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Leading the way in Injury Prevention

We’re continually looking for ways to help NSW businesses keep their people safe.  

Right now, icare is investing in innovative wearable technologies to assist with the prevention of work-related musculoskeletal disorders (MSDs).  

In partnership with a range of technology providers, icare is planning to run a study involving a series of pilots. The aim of the study is to address two hypotheses:

1. Wearable technology can identify hazardous manual tasks and workers most at risk of injury. 

2. Wearable technology can eliminate workers' exposure to tasks which increase the risk of injury.  

MSDs are the most common work-related injury in the Workers Insurance Scheme, making up almost 60% of all claims, so the benefits of wearable technologies for workers in terms of injury prevention are significant.  

For the study, we’re considering industries which our claim data shows as having the highest incidence and costs of MSDs, such as manufacturing, construction and health and community services.  

The pilot is due to kick off in July.  

If successful, the pilot will demonstrate to NSW businesses and other Schemes around the world that wearable technology is a feasible option for keeping workers safe.  

This is an exciting project that will see icare leading the way in trialling new technologies with our customers to help keep their people safe.

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