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Tailored solutions for peace of mind
In the ever-evolving landscape of modern business, prioritising workplace health and safety is non-negotiable.
For both employers and employees, safeguarding wellbeing in the workplace isn’t just a legal requirement – it’s a shared responsibility and key to business continuity.
At GSK Insurance Brokers, we understand the importance of ensuring a secure and healthy work environment. We know navigating the complexities of workplace health and safety regulations can be tricky, and we’re here to provide you the peace of mind you deserve.
With our tailored workplace health and safety insurance solutions, you can protect your employees, your business, and your peace of mind, all in one comprehensive package.
What can Workplace Health and Safety Insurance cover?
Workplace health and safety insurance can provide comprehensive coverage for various aspects of your organisation’s safety practices and potential liabilities. From workers’ compensation to public and product liability to business interruption and more – our tailored insurance coverage ensures your business is protected.
Workers’ Compensation
Injury Management (IM)
Return to Work (RTW)
Business Continuity
What’s at risk?
Employee Injury
This extends to medical expenses and lost wages for for any of your employees who suffer injuries on the job. Whether it’s a minor accident or a more severe incident, this insurance helps both you and your employees by providing financial support during their recovery. It demonstrates your commitment to their wellbeing and minimises potential legal disputes.
Liability Claims
Workplace accidents can lead to third-party claims for injuries or property damage. Having this insurance in place safeguards your business by covering the costs associated with legal defence, settlements, or judgments. It’s a crucial shield against potential financial setbacks and damage to your reputation resulting from unexpected incidents involving customers, vendors, or visitors to your premises.
Regulatory Compliance
In today’s complex regulatory landscape, maintaining compliance with workplace health and safety regulations is paramount. Violations can result in fines, legal expenses, and a tarnished reputation. Workplace health and safety insurance can help cover the costs associated with addressing compliance issues, ensuring that your business meets the necessary standards and avoids costly penalties.
Business Interruption
Accidents or incidents that lead to workplace closures or disruptions can have a significant impact on your revenue and operations. Workplace health and safety insurance can provide financial support during these challenging times, covering ongoing expenses and helping your business get back on its feet. It ensures your livelihood is protected even when unexpected events temporarily sideline your operations.
Need to make a claim?
Don’t worry – we’re here to help. Follow these steps to ensure a smooth claims process.
1. Gather information
Collect your essential information, including your policy number, insurer’s name, and agent’s contact. Be ready to describe the incident type, damage or loss, how it occurred, any witness, and any additional documentation or photos if available.
2. File your claim
To file a claim, contact your insurer and provide your policy number. The claims adjuster may request more information or documents, and some insurers offer online claim forms for quick submission.
3. Review and negotiate the claim
Once you file your claim, the insurer will respond within ten business days. If approved, expect a settlement offer that may be lower than anticipated. If denied, they’ll provide a reason, and you can appeal with legal guidance. Keep all related documents for future reference, and if your claim is approved, move forward accordingly.
4. Get the payment
After settling, expect a payment from the insurance company. For inquiries or claim status updates, contact your insurer or broker. In exceptional cases, like catastrophes, the process may extend up to 12 months, but you can still inquire about your claim’s status.
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Why GSK Insurance?
When you choose GSK at your workplace health and safety insurance partner, you’re joining forces with a trusted partner with a wealth of knowledge and a deep understanding of the unique challenges you face.
40 years experience
With over 40 years of experience, we’ve seen it all – and that’s why our customers trust us to provide them with the best insurance solutions for their unique needs.
Tailored Insurance Packages
Don’t settle for a one-size-fits-all insurance plan. Our tailored courier insurance ensures that you get the coverage you need to keep your business running smoothly.
Instant Quotes
Get the coverage you need, fast. With our instant quotes, you can find out just how affordable insurance can be, in just a few clicks.
Australia Wide Cover
From the outback to the coast, our Australia-wide cover means that you’ll always have the peace of mind you need to operate your business with confidence.
Competitive Pricing
Why pay more than you have to for insurance? Our competitive pricing ensures that you get the coverage you need at a price you can afford.
Excellent Customer Service
We believe that great customer service is the foundation of GSK Insurance. That’s why we go above and beyond to provide you with the support and guidance you need to make informed decisions about your insurance coverage.
Frequently Asked Questions
What is workplace health and safety insurance?
Workplace health and safety insurance, also known as workers’ compensation insurance, is a type of coverage designed to protect businesses and employees in the event of workplace injuries or illnesses. It provides financial support to employees who are injured on the job, covering medical expenses, rehabilitation costs, and a portion of lost wages. It also helps shield employers from potential lawsuits related to workplace injuries.
Is workplace health and safety insurance mandatory?
In Western Australia, workplace health and safety insurance, also known as workers’ compensation insurance, is mandatory for most businesses with employees. Non-compliance with this requirement can result in penalties, fines, or legal consequences. Business owners in Western Australia should ensure that they have the necessary workers’ compensation insurance coverage to comply with local regulations and provide financial protection to their employees in case of workplace injuries or illnesses.
What does work health and safety insurance cover?
This will depend on your insurance policy, but workplace health and safety insurance typically covers medical expenses, rehabilitation, and lost wages for employees injured on the job.
It also provides liability coverage for employers in case of lawsuits related to workplace injuries or illnesses. Some policies may include additional benefits, like vocational rehabilitation and survivor benefits for fatal workplace accidents.
How can workplace health and safety insurance help reduce business risks?
Workplace health and safety insurance policies provide financial support in the event of workplace accidents. It helps cover medical expenses and wage replacement, reducing the financial burden on the business, and also helps maintain a positive work environment and good employee morale, which has a flow-on effect in creating a safer workplace.
What are the potential costs of workplace accidents and liability claims?
Workplace accidents and liability claims can incur significant costs for businesses. Medical expenses, legal fees, and compensation for injured employees can add up quickly. Without insurance, these costs can lead to financial strain and potential legal consequences for the business (including legal costs).
How do I choose the right workplace health and safety insurance policy?
To choose the right policy, assess your business’s size, industry, and specific needs. Work with one of our experienced insurance brokers to identify the coverage options that align with your risk profile. Consider factors such as the number of employees, industry regulations, and your budget when selecting a policy.
Can workplace health and safety insurance help with compliance issues?
Yes, absolutely. Is ensures that you have the necessary coverage to comply with local regulations related to workers’ compensation. Some insurers also offer resources and guidance to help businesses maintain a safe and compliant workplace.
What steps should I take after a workplace incident or accident?
After a workplace incident, it’s crucial to prioritise the well-being of the injured employee. Seek immediate medical attention if necessary. Report the incident to your insurer and follow their claims process. Conduct a thorough investigation to understand the cause and take corrective actions to prevent future accidents.
How can I minimise workplace accidents and liabilities proactively?
Proactive measures to minimise workplace accidents include implementing safety training programs, conducting regular safety inspections, providing proper safety equipment, and fostering a culture of safety among employees. Identify and address potential hazards to reduce the risk of accidents. This is not limited to physical safety, but also in relation to mental health, too. Make sure you look at WHS legislation in your state or territory to ensure you’re adhering to your WHS obligations.
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Workplace Health and Safety Insurance by GSK Insurance
For more information about workplace health & safety insurance, contact GSK Insurance Brokers today.
Courier Hotline: 1300 220 212
Courier Email: courier@gskinsurance.com.au
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