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.
Are WIC Codes Important?
Yes, they are the foundation of your Policy.
A WIC code is a crucial part of your Workers Compensation Insurance program. Each scheme has its own set of unique WIC Codes. Your premium is based on the WIC code allocated to your business. If your business changes its primary activity, then your WIC code may change.
It is important to ensure your business has the correct WIC code allocated to it to avoid overpaying for underpaying on your icare Workers Insurance Premiums.
Using a Workers Comp specialist like Employers Comp will assist you in ensuring you are paying the correct WIC code related to your business.
What is a Deemed Worker?
It’s Complicated!
A Deemed Worker is someone who is considered a worker for Workers Compensation purposes. This covers Full-Time, Part-Time and Casuals employees in your business. This also covers Working Directors in your business, and sometimes Independent Contractors.
When you renew your icare Workers Insurance Policy, you as the employer must include all the relevant Deemed Worker pay that your business has given when reporting your Actual Wages.
A specialist like Employers Comp can help you make sure you report your Wages correctly and on time to meet your icare Workers Compensation Insurance obligations.
Phoenix Hotel
"I really appreciate the support from Employers Comp, which is really helpful and valuable for a business like ours."

What is a Wage Audit?
A Government Review of your business.
Going through a Workers Compensation premium audit can sound daunting, but it's essentially a check-up by a certified NSW auditor. Every year, organisations like SIRA and icare look into lots of businesses just to make sure everyone's categorised correctly and paying the right amount for their premiums.
They'll take a close look at your payroll, super contributions, dealings with contractors, and even how your business operates day-to-day, all to ensure you're on track with your Workers Compensation duties.
Keeping your business records tidy and being clear about your actual wages paid is key to sailing through an audit. And remember, slipping up on these audits could mean facing some fines or penalties. If the thought of an audit feels overwhelming, don't stress, Employers Comp is here to help. Our friendly team can guide you through the process, save you some time, and stand by your side every step of the way.
What is an Annual Wage Declaration?
Your legal responsibility as a Policy Holder.
When you have an icare Workers Compensation Insurance policy, it's important to declare your wage and renumeration details at the end of each policy period. This step is crucial because it helps icare calculate a premium that's both fair and accurate for your business, making sure you're paying the right amount based on your actual wages. It's a record keeping requirement that all Policy Holders are responsible of providing. Employers Comp takes this headache away so you can focus on your business.
What is a
Premium Protected Employer?
A small employer who is premium protected.
The current threshold in NSW for premium protection is $30,000. This means that if your premium is below this threshold and you have a worker who is injured at work and makes a claim, your icare workers Insurance Premium will not be increased due the cost of the claim.

GJN Industries
"The team at Employers Comp have fantastic customer service, nothing is ever too hard."

Adams Mowing
"Employers Comp saved me time and money, it is a must for any business."
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

Wolff Design
The great team at Employers Comp made my Business's Workers Compensation so simple, saving me time and money. Brilliant.
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"
