19-06-2017 09:08 PM
19-06-2017 09:08 PM
Hi @over1t Workcover premiums have always been industry-based with a bonus reduction if your claims are less than the industry average. I can't speak for other states but this is definitely the case in Victoria. Thank you for your input.
19-06-2017 09:30 PM
19-06-2017 09:30 PM
As an example the mining industry has higher premiums than finance or banking due to the inherent danger of the occupations and the number and severity of the claims.
If it helps here is a document explaining how premiums are calculated, my understanding is other states work on a similar method to Victoria: http://www.worksafe.vic.gov.au/__data/assets/pdf_file/0020/203735/INE-WorkCover-insurance-guide-2016...
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