The first of its kind in Australia, the TMF is the largest public sector insurer, offering the broadest cover available to government agencies.
The fund indemnifies participating agencies with comprehensive protection while providing confidence that unforeseen losses will have minimal impact on the State budget and the NSW community.
What is covered in TMF
- workplace injury
- legal liability
- loss or damage to government assets
- motor vehicle
- travel protections
- volunteer workers
How the fund works
As members of the TMF, agencies and government related businesses are indemnified for all insurable risks.
Claims are funded by deposit contributions from agencies and claims are managed by contracted agents on Insurance for NSW’s behalf.
The value of the deposit contributions made by each member agency are assessed by actuaries using a combination of industry benchmarks, agencies’ risk exposure measures and claims history.
This calculation method ensures that individual large claims do not distort the individual agencies contribution.
Agencies are able to directly influence their contribution through effective risk management: for example, by potentially minimising claims through risk prevention programs and reducing the cost of claims through effective Return to Work (RTW) strategies.
The Statement of Cover
For more information on how the fund works, our government policy is stated in The Statement of Cover. The document explains the scope of cover, information about how to make a claim and sets out roles and responsibilities of parties involved in the TMF.
The TMF provides cover to persons working for a NSW Government agency who are travelling overseas for work.
More information on the cover, what to do before you travel and additional emergency travel assistance, is available in the guides below. Cover varies depending on whether an agency is covered by workers compensation legislation.
Working with the best claims providers
Insurance for NSW focuses on building partnerships with agencies and insurance providers. Since 2005, the TMF has used multiple insurers for claims management.
There are five claims management service providers (see the table below), each assigned to a claims management portfolio, or portfolios.
From May 2018 we will partner with Gallagher Bassett to manage general claims. Claims that are considered complex or sensitive general claims will be managed by Insurance for NSW.
TMF portfolios and providers
|Workers Compensation No. 1||Allianz Australia Insurance Ltd|
|Workers Compensation No. 2||Employers Mutual Limited|
|Workers Compensation No. 3||QBE Insurance (Australia) Limited (QBE)|
|Health Liability (medical malpractice)||Gallagher Bassett Services Pty Ltd|
|Visiting Medical Officer (VMOs)||Gallagher Bassett Services Pty Ltd|
|Liability (includes but not limited to common law liability, public liability, product liability, professional indemnity, directors/officers liability, contractual liability) and Miscellaneous (includes travel, events)||Gallagher Bassett Services Pty Ltd|
|Property and Motor Vehicle||GIO General Pty Ltd (Gallagher Bassett from 4 June 2018)|