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 in a designated trade vocation. 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, DXC Technology, QBE, Gallagher Bassett 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.
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.
Safe Employer Reward (SER) – small and experience-rated employers
The Safe Employer Reward is a performance based reward for employers whose policy is calculated under the conventional premium formula method.
Small employers who have at least three years of policy history and no weekly benefit claims costs or catastrophic claim charges in the 36 months prior to policy renewal will receive an SER premium reduction (7.5% x APP) at renewal.
Experience-rated employers who have at least three years of policy history, a Claims Performance Rate (CPR) of less than 100% and no catastrophic claim charges in the 36 months prior to policy renewal will receive an SER premium reduction at renewal.
The reward percentage rate is on a sliding scale based on an employer's CPR (PDF, 0.07MB).
Claims Performance Rate Safe Employer Reward rate From 0% to less than 20% 7.50% From 20% to less than 50% 5.00% From 50% to less than 100% 2.50% 100% or greater 0%
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.
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 are eligible to receive a performance discount at the end of the policy year.
Note, the Performance Discount applies to conventional policies only and depends on Scheme financial performance. It may not be applied every policy renewal year.