Is Your Business Ready for the Impact of Workers Compensation?
If you’re an employer in NSW, you know that workers compensation isn’t always straightforward. It can feel like a constant balancing act—meeting legal obligations, looking after your team, and keeping your business financially healthy.
With premiums on the rise and ongoing reforms, it’s more important than ever to stop and ask: Are we really prepared?
Here are a few key questions to help you find out:
1. Are your premiums going up?
Have you noticed your premiums increasing?
Do you understand how injury claims are affecting your premium and how to minimise the impact?
2. Do you know your legal responsibilities?
Are you clear on what to do when an employee reports a work-related injury?
Did you know there are penalties for not notifying your insurer within 48 hours or for not keeping a register of injuries?
3. Do you have a Return to Work program in place?
Are you meeting your obligation to offer suitable duties and support recovery at work?
What’s your plan if an employee can’t return to their pre-injury role?
4. Are you across upcoming legislative changes?
Have you heard about the Workers Compensation Legislation Amendment Bill 2025?
Are you prepared for changes like stricter eligibility criteria and updated definitions of psychological injury?
5. Are you documenting and communicating effectively?
Do you have systems in place to record and report workplace incidents properly?
Are your managers trained to handle sensitive conversations that could lead to claims?
6. Are you getting the right support and advice?
Do you have access to expert guidance on claims management, compliance, and injury prevention?
Let’s Talk
If any of these questions gave you pause, you’re not alone. Many NSW employers are facing the same challenges. The good news? With the right support, you can protect your business, support your people, and stay compliant.
Need help navigating workers compensation? Let’s start a conversation.
