Workers Compensation Insurance
- what's covered
Workers’ Compensation Insurance provides protection for employers against the financial consequences of workplace injuries and illnesses suffered by employees.
It is a compulsory insurance in Australia and typically covers weekly wage replacement, medical and rehabilitation expenses, lump sum compensation, and death benefits for eligible workers, while also helping employers meet their statutory obligations under the relevant state or territory workers’ compensation legislation.
Workers Compensation
If you employ staff, workers compensation isn’t optional. It’s a legal requirement in every state and territory, protecting your employees if they’re injured or become ill through work. The cover funds wage replacement while an injured worker can’t work, along with medical treatment and rehabilitation to support their recovery and return to work.
Access to workcover or similar protections for employees differs by State in Australia. To discuss your needs for employees in Queensland, as well as other states you may operate in please get in touch to discuss. If you require workers compensation in Queensland this is obtained directly from workcover and you can refer to this link to access further information and apply: https://www.workcoverqld.com.au/
In Queensland, you must hold a WorkCover Accident Insurance policy from the first worker you employ, regardless of what you pay them. It covers the workers your business employs, and helps you meet your obligations as an employer.