Managing Workers
Compensation
17 April 2018, 7:45am to 9:15am

Workcover Report for QLD Relative
Industries
Mining $58,532.00
Construction $44,809.00 $26,628.00
Electricity Gas Water $34,437.00
Transport, Postal and Warehousing $26,940.00
Public Admin and Safety $22,934.00
Professional Technical Science $21,516.00
Manufacturing $18,136.00 $13,046.00
Finance and Insurance $16,514.00
Rental, Hiring and Real Estate $15,297.00
Health Care and Social Assistance $12,617.00 $9,842.00
Education and Training $9,903.00

$58,532
$44,809
$34,437
$26,940
$22,934
$21,516
$18,136
$16,514
$15,297
$12,617
$9,903
$- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000
Mining
Construction
Electricity Gas Water
Transport, Postal Warehousing
Public Admin Safety
Profess Tech Science
Manufacturing
Finance Insurance
Rental, Hiring Real Estate
Health Care Social Assistance
Education Training

Workcover Report for QLD WIC
Mining 4.042 1.550 1.484
Construction 2.047 4.031
Electricity Gas Water 0.716 0.818
Transport, Postal and
Warehousing 4.893 3.897
Public Admin and Safety 0.915 2.995 1.079
Professional Technical Science 0.164 0.403 0.636
Manufacturing 3.844
3.829 v
1.821 2.782
Finance and Insurance 0.395 0.337
Rental, Hiring and Real Estate 0.879 0.790
Health Care and Social
Assistance 1.261 2.557 1.556
Education and Training 0.401 0.791

Situation Awareness - Shortfalls

WorkCover and Premiums
Check how much you pay?
- Check Gazettes
- Get a Free Check
The only bill you can reduce
as low as 10%
YES 10%

WorkCover and Premiums
How are my bills calculated?
When you see the formula – no
wonder no one understands

WorkCover and Premiums
What is a WIC?
WIC tricks?
CHECKING CAN
SAVE A FORTUNE!!

Dealing with WorkCover

Dealing with WorkCover
Who manages
insurance?

Risk of Your Portfolio

Damage Dollars
IMPORTANT NUMBERS
Suitable Duties Medical
Counsellors Investigators
Public Liability Legal
Physio External provider
Common law Claims Surveillance
Doctors Insurance

Financial Approach Safety
• Improved Economic Outcomes
• New Language
• Clear, Transparent & Accurate
• Marked, Measured & Manage
• Lets Commercially focused people understand
Non-Financial Risk
• Risk DollarisationTM has positive impacts &
results for all entities including workers and
companies.

Avoid Catastrophic
Year Damage
Event
Country Event People
Fatalities
$ Impact (US$)
2017 Grenfell United
Kingdom
Building Fire 80 Council Rehousing Cost -
$98.9M
UK Gov’t – Replace
Cladding - $77.5M
2017 Dreamworld
Theme Park
Australia Ride Mechanical
Failure
4 Company Revenue
↓63%
($9.8M to $3.6M)
2013 Rana Plaza Bangladesh Factory Fire &
Collapse
1135 / 3000 $200/Person - Total =
$227K
$65/mth/pp for 2 yrs -
Total = $4680K
2010 Deep Water
Horizon
United States Explosion & Spill 11 Company Total Cost
$61.6B (pre-tax)

Australian Damage Costs

Future Premiums Will Increase
Gig
Economy
Less
Insurable
Units
Increased
Legal
Action

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