| Premiums are determined by how much a business pays in annual wages and the industry classification rate.
Emjay previously advised on icare proceeding with premium rate adjustments from 1.4% of wages to 1.44% of wages for the 2021-22 policy year effective for policies renewing on or after 30 June 2021. Half of all businesses will not see an increase in their industry classification rate and some individual businesses will have a premium increase greater than the scheme average.
The following is a comprehensive list of WIC rates. See which industry classification rates have changed At Emjay Insurance Brokers, we understand the ins and outs of workers compensation insurance and can help you with all your Workers Compensation enquiries. We’ll work closely with you to craft a tailored insurance solution that will meet your needs and empower you to embrace risk.
Call us today to discuss your needs on (02) 9796 0400.
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