How to lower your workers insurance premium

We offer a range of incentives, discounts and other adjustments to help businesses in NSW lower the cost of their insurance premiums.

We aim to reward businesses that create safer, healthier workplaces in NSW. Incentives are available for employers to report incidents early, introduce safety initiatives and support injured workers returning to work.

We also offer discounts for businesses that pay their insurance premium in full, on or before the due date. The minimum premium payable for any policy is currently $175.


  • Apprentice incentive scheme

    Under this scheme, if you employ an apprentice, you're entitled to a premium reduction based on the wages paid to your apprentice.

    To be eligible for the reduction you must:

    • Have a valid workers compensation policy
    • Have entered into a Training Services NSW approved contract with the apprentice. The apprentice must be identified in the training contract.

    We will calculate the apprentice incentive amount based on details you provide in your wages declaration forms.

  • Avoid paying claim excess by quickly reporting an injury

    As an employer, you need to notify your claims service provider (GIO, Allianz, QBE or EML) within 48 hours of becoming aware of a work-related injury or illness.

    If one of your workers suffers a workplace injury, you can avoid paying a claims excess by notifying us within five calendar days of you becoming aware of the injury.

    The excess amount is equal to the first week of weekly compensation.

    Find out more about notification of an incident or claim.

  • Discounts for premiums paid in full

    You are entitled to a discount on your premium if you pay your annual premium in full (on or before the due date).

    The discount is offered to everyone with a premium of over $175, regardless of your entitlement to instalments. It is available only to policies that are for a 12 month-duration, small employer policies aligned to end-of-month and policies short-termed for grouping.

    The discount is based on your initial premium payable and will not be adjusted as part of the hindsight premium calculation process, or if wages estimates are adjusted mid-term.

    The discount rate is subject to change. For small employers, the current discount is 5%. For experience-rated employers the current discount is 3%.

    If the discounted premium falls below the minimum premium, then the minimum premium applies.

  • Employer Safety Incentive - small and experience-rated employers

    All employers with a standard policy will get a 7.5 per cent Employer Safety Incentive premium discount at the beginning of each policy period to assist you to make your workplace safe.

    This provides an opportunity for employers to invest the savings in workplace safety.

  • Return to work incentive for experience-rated employers

    For claims made against a policy that commences or renews on or after 30 June 2015, a return to work incentive discount (5, 10 or 15 per cent) will be applied to the cost of each claim with a sustainable return to work outcome within 52 weeks of the date of injury.

    Higher discounts apply to faster return to sustainable work outcomes.

  • Performance discount

    Experience-rated employers with claims performance better than the Scheme are eligible to receive a performance discount at the end of the policy year.

    All small employers with policies commencing on or after 30 June 2019 are eligible to receive a performance discount at the end of the policy year.

    Note, the Performance Discount may not be applied every policy year and depends on Scheme financial performance.