Pharmacy workers compensation insurance - New South Wales
Product information
In any business, workers' safety is paramount. Guild Insurance’s workers' compensation is designed to protect your pharmacy business and your employees if an incident does occur. Workers' compensation is a legal requirement in NSW, but that doesn’t mean it has to be difficult. We work closely with you to ensure your business is covered while providing exceptional, personalised service to help you along the way.
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Insurance cover for
Medical and hospital expenses
Wages
Rehabilitation services
Features and benefits
- Dedicated help: If a claim is made, your case manager will work with you to ensure there is minimal interruption to your business, as well as ongoing care and support for any employee who is injured.
- Comprehensive Coverage: Covers wages, medical expenses, treatment, and rehabilitation costs for injured workers.
- Legal Cost Coverage: Covers legal costs and expenses incurred with the insurer's consent in defending legal proceedings related to worker injuries.
- Risk Management Support: We provide risk management recommendations to help mitigate the risk of workplace incidents.
- Pay by the month: Flexible payment options to pay by the month with no extra fees.
- Peace of Mind: Allows you to focus on running your business without worrying about potential liabilities.
Workers' compensation insurance is a crucial safety net designed to protect both Employers and Workers in the event of work-related injuries or illnesses.
For Employers:
- Financial protection: covers the costs associated with workplace injuries or illnesses, ensuring that businesses are not financially burdened by these incidents.
- Legal compliance: under Australian law, it is mandatory for employers to have workers' compensation insurance to cover their employees.
For Employees:
- Income support: provides financial assistance to cover lost wages while recovering from a work-related injury or illness.
- Medical expenses: covers medical and hospital costs, as well as other rehabilitation treatments needed for recovery.
- Rehabilitation services: ensures a safe, durable, and timely return to work through various support services.
- Permanent impairment: offers lump sum payments if an employee suffers a permanent impairment.
- Fatalities: In the tragic event of a work-related death, it covers funeral expenses, periodic payments for dependents, and lump sum compensation to support the family.
Additional support:
Workers' compensation also includes other types of support such as education and training, domestic assistance, and access to networks of medical specialists and rehabilitation providers.
Maintaining a safe and healthy workplace is essential for the well-being of both employees and the broader community. Workers' compensation insurance plays a vital role in achieving this goal.
Determining the appropriate workers' compensation cover for your business depends on several factors:
- Single-state operations: if your business operates solely within one state, you need a workers' compensation policy that complies with that state's regulations.
- Multiple state operations: if your business operates in multiple states, you generally need to have a workers' compensation policy that covers each state where your employees work.
However, the specific provisions known as the "State of Connection" rules help determine which state's workers' compensation scheme applies to your employees. These rules consider factors such as where the employee usually works, where they are usually based, and where the employer's principal place of business is located.
The "State of Connection" rules are used to determine the appropriate jurisdiction for workers' compensation coverage when employees work across multiple states. These rules are based on the following factors:
- Where the employee usually works: the primary consideration is the state or territory where the employee usually performs their work.
- Where the employee is usually based: if the usual place of work does not determine the state of connection, the next factor is where the employee is usually based.
- Employer's principal place of business: if the first two factors do not determine the state of connection, the location of the employer's principal place of business is considered.
These rules ensure that employees are covered under the appropriate workers' compensation scheme, even if they work across multiple states.
Not just an insurance policy
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