All Bellrock Benefits clients have the benefit of an insurable risk review. In this process we advise on:
- statutory insurance requirements
- contractual insurance obligations
- best practice insurance programme for each client (working with our practice leaders across Bellrock).
Given our significant experience and broad client base, we can confidently advise on “benchmarking” across the workplace risk and employment spectrum over diverse industries. This enables us to offer robust advice and peace of mind to boards that they have adequate insurance priced competitively.
The insurance cover we procure:
- Is compliant with statutory obligations
- May extend to respond to cover insurable contractual undertakings made by your practice
- Offers protection to the company and its directors so they may benchmark their cover next to businesses in the same industry, level of maturity and size
- Is placed with reputable insurers that have adequate financial strength and reputation for appropriate management
- Is benchmarked to ensure that it is priced most competitively on the terms and conditions offered. We would strongly recommend that any insurance programme procured is complemented by an “insurable risk review”
Workers’ Compensation Insurance
In Australia, Workers’ Compensation insurance is mandatory for all employers and is regulated at the state, territory, or federal level. Each jurisdiction has its own system, with varying options available depending on the employer’s size, industry, and operational footprint.
Employers generally have two primary options:
1. Default statutory schemes (managed by government bodies or approved private insurers).
2. Self-insurance arrangements, available to larger, financially stable employers who meet strict criteria.
The summary table below outlines the workers’ compensation scheme type, who manages the scheme, and what options are available to employers in each state, territory, and at the Commonwealth level.
Why choose Bellrock Benefits?
- Integrated risk and insurance insight. We bridge the gap between WHS obligations and insurance outcomes. By aligning safety controls with premium structures, we help you reduce total cost of risk.
- Practical and plain speaking. Our specialists have hands‑on industry experience and speak your language. We cut through the jargon to deliver guidance that can be applied on site, in workshops or in the boardroom.
- Strategic partners, not just consultants. Whether you need a one‑off audit, a fractional Chief Risk & Compliance Officer, or end‑to‑end program support, we flex to suit your organisation’s size and risk appetite.
