Claimsmart
Explaining Workers Compensation for the Arts & Entertainment Industry
 

Paying your premiums

When do I pay my premium
When do I need to send my financial details to workcover for the calculation of my final premium?
Managing premiums
How do small companies manage minor time loss expenses without impacting on their workCover premiums?
Inhouse medical expenses
Are “in-house’ medical costs included in the empoyer’s initial portion of the claims costs before the claim is lodged?
Paying for medical expenses
Are all costs incurred taken into account when calculating premiums?
Estimating premiums
Are future costs estimated through the use of general industry data or data specific to the Live Entertainment Industry?
Estimates on valuation dates
Why have estimates varied more on the valuation dates of 30 April 2005; 30 November 2005; and 31 March 2006?
Inactive claim effect on SCEs
Why do inactive claims continue to have estimate (SCE)s calculated?
Workers who leave
Why is there still an estimate calculated for a worker who has left?
Rejection of liability
Why is there an estimate against a claim where there has been a rejection of liability?
Settled claim effect
The claim has been settled but an estimate continues to be calculated?
Retirement effect
Why do estimates continue to be calculated once retirement age is reached?
Death of worker
The worker has died, but an estimate has still been calculated?
Non-negligent third party
Are non-negligent third party TAC claims excluded for premium purposes?
Two different claims
Why are there different estimates assigned to the same injury for two different claims?
Coding of claims
Why is the coding on claims important?
Estimates with a zero
Why are estimates with a zero not reflected on ACCtion?
Estimate effect for June and July
Why is the premium estimate (SCE) calculated in mid July higher than the estimate (SCE) calculated at the end of June?
Incorrect data
What happens if the data on the claim was incorrect as at 8 July 2006?