Are you effectively managing your workers' compensation requirements?
Take our 30 second health-check to determine whether your organisation is maximising the financial opportunities associated with workers' compensation.
Let's get started!
Question One. 1/6
Can you quantify the actual cost of workers’ compensation (including all direct and indirect costs) in your organisation?
Question Two. 2/6
Has your organisation achieved consistent savings in workers’ compensation premiums over the past 3 years?
Question Three. 3/6
Do you have a clear financial target for your workers’ compensation premiums for the next 3 years?
Question Four. 4/6
Has an independent expert assessed the price, service, benefits and structure of your workers' compensation policies?
Question Five. 5/6
Has your organisation considered alternative policy options to drive cost savings? (eg self- insurance, retro-paid loss, policy structuring)?
Question Six. 6/6
Do you have a dedicated internal expert or utilise external specialists to mitigate your workers' compensation risks and costs?
From your answers above, you may benefit from speaking to an Aon workers' compensation expert.
You may have workers' compensation exposures or opportunities that aren't being effectively managed. Aon can partner with your organisation to provide tailored solutions to mitigate your workers' compensation risks. Start a conversation with us today by completing the form below.
Congratulations!
It seems you've been proactive in managing your workers' compensation needs. However if you'd like to chat about how your program could be performing better or where further cost savings can be made, start a conversation with us by completing the form below.
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Aon helps your organisation ensure the safety and health of your employees and minimise your workers’ compensation costs. Our services can assist you with:
- employee wellness solutions
- safety and security
- absence management
- employee benefits
- risk management
- actuarial science
- occupational health and safety
In the event that something does go wrong, we also help your employees get back to work in the most cost effective and beneficial way.
Our workers’ compensation solutions
Our consultants will work with your organisation to:
- achieve more competitive premiums and improved policy structures
- identify key cost drivers (eg claims, wages, policy class) and improve future management of these costs
- identify key claims drivers and implement sustainable strategies to mitigate risk
- assist to maintain compliance across all jurisdictions
- improve corporate governance to help you monitor your workers’ compensation program
- manage relationships with insurers and providers ensuring proactive assessment your needs
- negotiate, monitor and review service level agreements with insurers through our policy placement services.
Looking to self insure?
In Australia, employers who can meet specific eligibility requirements are able to opt out of the statutory workers' compensation system and self insure. We are the market leader in self insurance, with extensive experience and a proven track record in assisting clients to successfully self insure in state, territory and federal jurisdictions. Our consultants can help you:
- conduct feasibility studies
- prepare business cases
- prepare licence applications
- develop communication and transition strategies
- conduct independent OHS audits against self insurer standards.
Through implementing Aon's workers’ compensation solutions, this transport company is saving over $6.25m each year.
An Australian transport company with national operations engaged Aon to review the structure of their national workers’ compensation arrangement
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