Manage a Policy

Who needs a policy

You must have a WorkCover policy if you employ workers in Victoria and:

• Your annual remuneration is more than $7,500, or you believe that it will be more than $7,500, or
• You employ apprentices.

If your legal entity is a Sole Trader or Partnership, WorkCover only covers your employees not the sole trader or partnership. For further information on the correct insurance to cover yourself, please contact your broker or accountant.

All first time employers have 60 days to lodge an Application for a WorkCover policy with their WorkCover Agent, and Allianz is one of these. Failure to obtain a WorkCover insurance policy when required can result in severe penalties being imposed.

For more information, read our Employer Obligation Checklist.

If you employ contractors, find out about your obligations through our FAQs VIC Contractors & WorkCover form.

How to renew a policy

Policies are automatically renewed annually on 30 June each year, unless employers provide written confirmation of cessation of business. A Declaration of Rateable Remuneration form will be forwarded to each employer to complete and provide an updated estimate of their remuneration as per the FAQs Victorian Remuneration Definition. Premiums are calculated and invoiced to employers.

Certificate of Currency

If you would like a certificate of currency please contact us:

Phone: 03 9234 3285 (Monday to Friday: 8:30am to 5pm)
Fax: 03 9234 3489

What is the Declaration of Rateable Remuneration?

The Declaration of Rateable Remuneration form requires employers to confirm the remuneration they paid in the previous policy period and estimate their remuneration for the upcoming policy period.

Employers need to return this form to their WorkCover agent by 31st July of each year.

If this form is not returned by the designated date, your remuneration will be assessed at an inflated figure so premium calculations can be finalised. This can affect the premium employers pay in the short term, and also mean more paperwork to complete if changes need to be advised later on.

As remuneration means more than just salaries and wages for WorkCover purposes, it is important to refer to the relevant section in the premium booklet, and to use the checklist provided to ensure the correct amount is recorded. Forms are sent to employers on an annual basis for completion.

How can the premium be paid and when?

There are a variety of options available to pay your premium, outlined in detail in our

FAQs VIC Premium Payment Options.

There are several different payment methods that we offer:

• Using the attached deposit slip on the foot of the invoice
• BPAY
• EFT
• Payment at any branch of Westpac Bank

Cheques should be made payable to:
Allianz Australia Workers’ Compensation (Victoria) Limited

Mail to:   Allianz Australia Workers’ Compensation (Victoria) Limited
             GPO Box 80 Melbourne VIC 3001

Payments by cheque are not valid until cheque payments are cleared.

More information on policies and premiums is available through our FAQs VIC Policies/Premiums FAQs.

Cross border issues

For more information about issues regarding employees who travel and work interstate, please read our Cross Border Workers' Compensation help guide.