If you’re an employer who:
- pays $7500 or less in annual wages
- doesn't employ an apprentice or trainee
- isn’t a member of a group for premium purposes
then you’re an exempt employer and don't need to take out a workers compensation policy.
impact of claims on your premium
Because you're a small business, your premium won’t be impacted as a result of a claim. This provides your business with greater premium stability.
However if you have a basic tariff premium of $30,000 or less and you’re a member of a group, then your employer category will be determined using the group basic tariff premium. If the group basic tariff premium is greater than $30,000 your claims costs will impact your premium.
We also have a range of incentives and discounts to help your business pay its premiums.