A Certificate of Currency in NSW serves as proof of a businesses Workers’ Compensation insurance compliance.
Whether you are Solo Working Director or a Sole Trader that is embarking on the journey of hiring your first employee in NSW, it’s essential to familiarise yourself with the Workers Compensation Act 1987. This Act delineates the rights and obligations of employers and workers concerning work-related injuries.
A pivotal aspect of this Act is the mandate for employers to secure Workers’ Compensation insurance. A workers' insurance policy provides an employer coverage in the event one of their employees suffers a work-related injury or illness. It’s compulsory for all employers in NSW unless you are considered an exempt employer.Â
The Certificate of Currency serves as proof of your compliance with this requirement. Issued by icare NSW, it details your insurance policy. But it’s more than just a legal document - it’s a testament to your dedication to your employees’ safety and well-being.
The Certificate of Currency transcends mere compliance. It’s about fostering a safe and secure work environment. It’s a reflection of your commitment to not only your business’s success but also your workers’ welfare.
Securing a Certificate of Currency is a vital step in hiring your first worker. It’s not just about finding the right fit for the job, but also about fulfilling your duties as an employer. So, before you hire your first worker, make sure your Certificate of Currency is ready. If you require professional assistance, don’t hesitate to contact Employers Comp. You can either call us directly or book a callback at your convenience. We’re here to help you navigate this important step in your business journey.
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