icare NSW
In NSW icare is your Nominal Insurer
Workers Compensation Insurance in NSW is provided by the NSW Nominal Insurer icare NSW. It is a mandatory requirement for all businesses employing deemed workers in NSW and pay more than $7,500 per annum in actual wages. icare NSW runs several different insurance schemes on behalf of the NSW state government.
What is a Deemed Worker?
It’s Complicated!
A Deemed Worker is an individual who is “deemed to be a worker” for Workers Compensation purposes. This will include Full-Time, Part-Time and Casuals employees in your business. This will include Working Directors in your business, and in some situation's Independent Contractors.
When renewing your icare Workers Insurance Policy it is the obligation of the employer to include all relevant Deemed Worker remuneration a business has paid when declaring its Actual Wages.
Using a specialist like Employers Comp will assist you in ensuring you declaring your Wages accurately and on time to ensure you comply with your icare Workers Compensation Insurance obligations.
Is a Working Director a Deemed Worker?
It’s Complicated!
If you are a Sole Operator and operating under an Australian Business Number (ABN) with an Australian company Number (ACN), and you pay yourself more than $7,500 in wages or dividends you are required to take out an icare NSW workers Compensation Insurance Policy. This will protect you in the event you suffer a work-related injury or illness.
Request a quote and our team will confirm if your eligible.
Is a Sole Trader a Deemed Worker?
It’s Complicated!
If you are a Sole Trader, operating under your own ABN, and don't employ any other workers under your ABN you are exempt from an icare Workers Compensation Policy.
If you employ workers in your business under your ABN you may then be required to take out a policy to cover those workers.
You may also become a deemed worker under your Primary contractor's icare Workers Compensation policy.
Each situation is independent and requires its own review on its own merits. Reach out to the team at Employers Comp if you need help.
Free Eligibility Check
It’s Complicated but we've got your back!
Workers Compensation is a complex area to navigate, filled with its own nuances. It's different from your usual insurance, being a government scheme, there are additional reporting requirements.
If you have a small business, you'll need to report your activities each year to your Nominal Insurer.
Request a Quote and we can help you with a Free Eligibility Check, saving you time and providing you with peace of mind.
GJN Industries
"The team at Employers Comp have fantastic customer service, nothing is ever too hard."
What We Do
Employers Comp has assisted thousands of businesses in managing their Workers Compensation Insurance compliance. We assist our clients by providing the following four core services.
Cover Set Up
Actual Wages
Advice
Renewals
Phoenix Hotel
"I really appreciate the support from Employers Comp, which is really helpful and valuable for a business like ours."
Adams Mowing
"Employers Comp saved me time and money, it is a must for any business."
How we Help
Employers Comp has assisted thousands of businesses in managing their Workers Compensation Insurance compliance. We assist our clients by providing the following nine core services.
Cover Set Up
We review your specific needs to provide you with tailored, compliant Workers Compensation protection.
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Premium Payments
We help you manage your WIC Codes and payments to ensure you can afford your cover and avoid penalties and fines.
Actual Wage Declarations
We link with your Payroll and Accounting Software to ensure you declare your Actual Wages correctly and compliantly on time.
Contractors Compliance
Not all contractors are your deemed workers. But some are and they need to be included in your policy. We take the headache away.
Renewals
Unlimited support to manage your Renewal. This includes our Representation Guarantee, supporting you through the renewal audit process.
Registrations
Registering a new company, policy or claim we provide you with ongoing advice to save you time and provide you with peace of mind.
Documents
Have access to your documents 24/7. No matter where you are you have access to your policy documents on the go.
Wage Audits
Thousands of employers every year are audited by their Workers Compensation regulator. We represent you in the process.
Advice
Our team of experts provides you with the Unlimited Advice and guidance to help you navigate the complex world of Workers Compensation.
Compliance made easy for your business.
No matter your industry, we've got the perfect plan to suit your needs.
Handz Constructions
"I am very happy with the team at Employers Comp, they are extremely prompt and supportive"
