WorkCover Queensland is increasing its premiums for the first time in ten years due to rising claim costs.
For the 2022-2023 financial year, WorkCover’s average net premium rate will increase to $1.23 per $100 of wages (after discounts).
Businesses can influence their individual premium rate by:
- improving their safety culture and reducing workplace injuries. The lower an employer’s claims costs, the lower their premium
- supporting a worker’s return to work. The faster a worker gets back to work doing suitable duties, the lower the claims costs and impact on premium
- taking advantage of our early payment discount.
More information is available to on how premium is calculated, what employers can do to reduce their premium and payment options.