Central Coast small businesses are set to unlock key savings on workers compensation premiums, thanks to an icare Mobile Engagement Team (MET) forum held recently at Mingara Recreation Club.
A key focus of the MET Toast and Talk session included comprehensive information equipping small business owners with practical tips, cost-cutting strategies and insights – all geared towards helping them effectively manage their premiums.
“At icare, we want to help local business owners understand what risk factors impact the premium they pay, and that there are savings and incentives that are often available to them,” MET Manager Adam O’Leary said.
Topics discussed included understanding how premiums are calculated, what business owners can do to minimise costs and myth-busting the at times complicated process, all of which can make a big impact to the bottom line.
“The calculations behind icare’s premiums are risk-based, and businesses with strong safety performance are usually rewarded with discounted premiums,” O’Leary said.
“Our talk is packed full of top tips for local businesses looking to improve safety and to help their injured workers get back to work faster.”
The Central Coast region has almost 11,000 small businesses that employ about 51,000 people.
Gross incurred workers compensation cost per year in the region is just over $34M.
The forum was organised to provide support to local business owners, to access information about premium discounts and incentives for their workers.
MET runs regular events in regional areas across NSW, as well as a range of webinars.
Employers in NSW can register for future MET events online or immediately access a range of free, easy-to-use tools from icare’s Small Business Hub.
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