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.


  • 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

    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 the first week of weekly compensation and is prescribed by SIRA in the Workers Compensation Market Practice and Premium Guidelines.

  • 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.

    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%.

  • Employer safety incentive - small employers

    If you are a small employer, you will get a 10 per cent Employer Safety Incentive premium discount at the beginning of each policy period to assist you to make your workplace safe.

    If all your injured workers are returned to suitable work within four weeks of the date of injury, with no ongoing requirement for payment of weekly compensation, you can keep the 10 per cent discount when your hindsight premium is calculated.

  • Employer safety incentive for experience-rated employers

    If you are an experience-rated employer, you will receive a 10 per cent employer safety incentive premium discount at policy renewal.

    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 up to 52 weeks.

    Higher discounts apply to faster return to sustainable work outcomes.

  • Return to work incentive for small employers
    Small employers may receive a 10 per cent return to work incentive premium discount, instead of the employer safety incentive. You will receive this if you satisfy all of the following criteria:
    1. All your injured workers return to suitable and sustainable work.
    2. They return between four and thirteen weeks from the date of injury.
    3. They have no ongoing requirement for payment of weekly compensation.
  • Employer safety reward
    Experience-rated employers with no premium-impacting claims costs in the last 4 years, including the current period, can get a 5% discount on their average performance premium, i.e. (APP- Apprentice Incentive) x 5%.