Do I need a policy?
If you have a business in Queensland and employ workers, you are required to insure them against workplace accidents with WorkCover Queensland (s48, Workers’ Compensation and Rehabilitation Act 2003).
You cannot pay any of your own claim costs in Queensland.
There is no threshold that you must reach before insuring in Queensland. If anyone you employ meets the definition of a worker, then you must insure them within five days of commencing employment. Penalties may apply if you insure them any later than this.
You can take out your policy prior to employing workers, provided you have all the necessary information.
Accident insurance policy
Our accident insurance policy insures you against all statutory and damages claim costs in the event of a work-related injury to your workers. There are no limits or caps to the number of claims that can be made against your policy.
Employers who meet certain criteria can apply to Q-COMP (the workers’ compensation regulatory authority) to insure their own Queensland workers. These employers manage and pay their own statutory and common law claims. They are usually referred to as self-insurers. For further information about self-insurance licences, visit Q-COMP at www.qcomp.com.au.