How to Reduce your Workers Compensation Premium
In todays blog post we are going to move from the recruitment/talent attraction aspect of business to high-light one of our partners who focus on reducing your workers compensation insurance premiums.
At Recruitment School, we can provide solutions to most problems you encounter as an employer. Although when we don't have the expertise on the ground, we have the relationships in place that we can access in heartbeat should you need.
For our Australian readers, this is the time of year you get that wonderful surprise from your Workers Compensation Insurance Provider giving you the great news about your next years premium.
Most people need a Phd and crystal ball to actually work out how the premiums have been calculated. With actual wages by industry, estimated wages by industry, change in WIC’s k-factors, a bit of pixy dust, and finally a smattering of smoke and mirrors our wonderful insurance providers come up with a figure, which is usually no where near where we estimated the premium to be.
And the scary thing is, we just pay the premiums because it is just too hard to argue with the people as most of us don't understand what the impact our claims and wages are having on our premiums.
I am pleased to let you know that there is help at hand. Nick Connellan from Workers Risk is an expert in workers compensation.
I was lucky enough to work with Nick many years ago at a Labour Hire Recruitment Company where he unfortunately had to deal with a very ugly Workers Compensation Insurance premium. After this, Nick joined one of the leading suppliers of Workers Compensation Insurance and managed a large region. He gained hands on knowledge on just how much pixy dust our wonderful insurance providers use in calculating our Workers Compensation Insurance Premiums.
Today Nick consults to organisations all over Australia and assesses how you can actually reduce your Workers Compensation Insurance Premiums.
If you would like to speak with Nick, you can contact him on 0421 219 434 or via email on [email protected]
As a special favour to the subscribers of Recruitment Schools posts, Nick and his team are prepared to offer a Free Workers Comp Audit This Audit includes
- an update on the current claims and previous recent history
- review of premiums history and projections moving forward.
- feedback and summary of immediate actions and long term strategies on claims, if required.
- review of Industry codes and insurers calculations
- a summary of finding and recommendations to reduce your premium
Most W/Comp Consultants charge thousands of dollars for this, however, for a short time only, you get it for free. But there are limited spots available so please act fast.
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