Take out a Workers Compensation policy
If you have employees in NSW, you probably need a Workers Compensation policy.
Not sure if you need Workers Compensation insurance?
Visit our Who needs a policy page for more information.
To take out a policy we'll need to know:
- general details about your business (eg legal name, ABN, postal and operating addresses, and contact details).
- a start date for the policy
- the type of business
- details of past Workers Compensation insurance (if required)
- the number of workers within your business
- an estimate of wages paid to workers
- bank details so refunds can be returned quickly and securely.
If you have previously held a Workers Compensation policy, please call us on 13 44 22 and one of our team will be happy to assist you.
Workers vs. Contractors
You are only required to provide Workers Compensation insurance for ‘deemed’ workers. Contractors are not included.
See Classifying your workers for more information on identifying deemed workers and contractors.
Calculating your premium
Your Workers Compensation premium is based on a number of factors, including but not limited to your industry and how much you pay in annual wages.
Visit our Calculating the cost of your Workers Compensation premium page for more information.
I've taken out a policy. What's next?
Have a look at our tools and resources below:
- Understanding your Workers Compensation cover: To familiarise yourself with the terms and conditions of your policy, including your responsibilities as an employer.
- Find out what’s new in policy: To get the most up to date information about Workers Compensation policies.
- Manage your policy: Self-service tools to manage your existing policy, or take out a new one.
