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Large Employer Alternative Pricing (LEAP)

If you’re a large employer in Queensland, you may be able to choose how we calculate your accident insurance premium. Large Employer Alternative Pricing is an option that can better match your premium to your claims history and safety performance over time.

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A different way to price your premium

If you’re a large employer, there are two ways we can work out your premium:

We designed LEAP for organisations whose claims costs are lower than their industry average.

Why some employers choose LEAP

LEAP may suit your organisation if:

  • your claim costs are lower than others in your industry
  • you invest in work health and safety
  • you actively manage injuries and support workers to return to work.

How LEAP reflects changes in claims over time

To reflect how your claims costs change, we:

  • review your claims each year
  • adjust your premium to better reflect likely final costs
  • make sure your premium adjustments become more stable as claims mature.

Who can apply for LEAP

You can apply if

  • you are eligible for a self-insurance license in Queensland as a single or group employer, and
  • you employ at least 2,000 full-time equivalent (FTE) workers in Queensland. 

We’ll also consider employers who are

  • returning to us after self-insuring, or
  • thinking about cancelling their policy to self-insure.  

How we assess your application  

We look at:

  • your claims and safety performance over at least the last five consecutive injury years
  • the long term stability of your historical claims experience  
  • whether your executive and senior leadership team is committed to workplace safety. 

How to apply

Talk to your Relationship Manager about whether LEAP is right for your organisation.

How we calculate your LEAP premium

Under LEAP, we review your premium over time by:

  • looking at what your claims cost as they develop
  • adjusting your premium each year
  • applying limits to avoid large or unexpected premium changes.

We start with a familiar baseline

At the start of each injury year, we:

  • calculate your normal premium using the Experience-Based Rating (EBR) method, and
  • estimate how your premium may change over the next three years, based on current information.

We call these changes premium adjustments.

We also add GST and stamp duty.

If approved, your policy will be under LEAP for a minimum of three years.  

Learn more

Find more detail about LEAP in the Queensland Government Gazette.

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