WIC System and Premium Rates

These documents explain how your Workers Compensation Industry Classification (WIC) is determined, and outline the relevant WIC rate for each industry.

What are Workers Compensation Industry Classification rates (WICs)?

The risk of getting injured varies for workers in different industry sectors. Workers Compensation Industry Classifications (WICs) are an industry-based classification system used to identify and group employers that are operating in the same industry and have a similar risk profile.

There are currently 538 individual classifications in the current WIC system that are aligned to one of the 17 Industry Divisions that best describes their base industry activity such as Education, Health and Community Services, Finance and Insurance, Transport and Storage, Retail Trade, Wholesale, Construction and Manufacturing.

Every employer's business is given a classification (WIC) based on their predominant business activity. The rate that is applied to each WIC is based upon the actual safety performance of all of the employers that are assigned to that WIC and is actuarially assessed each year to reflect the recent past performance of each WIC as part of icare's premium filing submission to SIRA.

An employer's initial premium calculation starts by multiplying the employers wages by their WIC rate to determine their average performance premium (APP). This APP is used to identify the size of the employer, small employers have an APP equal to or less than $30,000 and medium to large employers have an APP greater than $30,000.

Current and past WIC information

Workers Compensation premium rates

WIC System

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