What is 'self-insurance'?

Home > Employer home > Accident insurance > Your accident insurance policy > What is 'self-insurance'?

What is 'self-insurance'?

A number of Queensland employers provide workers' compensation insurance for their employees. This means the employer takes on all liabilities for any work-related injuries, including paying and managing their own statutory and common law claims. This employer is a self-insurer and the insurance is referred to as 'self-insurance'.

To become a self-insurer, an employer must meet certain criteria and apply to Q-COMP (the workers' compensation regulatory authority) for a self-insurance licence.

Under the Workers' Compensation and Rehabilitation Act 2003, Q-COMP is established as an independent regulatory authority. Q-COMP is responsible for regulating self-insurers in Queensland by monitoring their compliance with the legislation and self-insurance licence conditions.

For further information, such as the criteria to become a self-insurer or to view the list of employers that are self-insured, visit the Q-COMP web site at www.qcomp.com.au.

The materials contained in this publication have been prepared by WorkCover Queensland for information purposes only and should not be considered legal advice. Precautions have been taken to ensure that the information in this publication is accurate as at the publication date and will be reviewed and updated as required.

Disclaimer

You have selected a link to an external web site. If you click on ‘Continue’ at the bottom of this message, you will visit an external web site to which our privacy policy does not apply. WorkCover Queensland does not sponsor or endorse any material on sites linked to or from our site. WorkCover makes no representations, express or implied, as to the accuracy, currency or completeness of any material on sites linked to or from our site.

Cancel Continue