It’s important to know that if your business doesn’t have an adequate workers' compensation policy, or any at all, you can be issued with an infringement notice by the relevant regulatory body.
Depending on the process, which varies from state to state, this can lead to a fine or even criminal prosecution.
On the bright side, workers' compensation cover is easy to arrange. Reach out to your insurance partner or get a quote online today (selected states and territories).
Finally, when it comes to workers' compensation Mark’s advice to any business owner is to arm yourself with knowledge so you can be ready for any eventuality. ‘’With the intricacies of workers' compensation differing across each jurisdiction it’s a good idea to be familiar with the requirements for the jurisdiction you operate in, as well as understand what’s expected of you should one of your employees suffer an injury.’’
It’s easy to get started. Build up your understanding of workers' compensation by visiting Allianz Personal Injury National Training. You’ll find live training sessions and webinar recordings that cover a range of topics from workers' compensations fundamentals, the return-to-work process for injured workers, workplace OHS management and mental health and wellbeing.1