Workers compensation
Workers Compensation Management Services (WCMS Pty Ltd) is InterRISK’s dedicated National Workers Compensation Management Business, which is uniquely positioned to facilitate a full range of solution based workers compensation services. This could include simply providing advice and support to the person responsible for workplace safety and workers compensation, right through to a fully outsourced end-to-end integrated strategy.
In most businesses today, workers compensation premiums represent the second largest employee related cost after wages; yet this area of the business is often the least resourced and most misunderstood, generally because it is not “core” business. Workers compensation costs can be an ever increasing expense to employers and are often viewed as both an uncontrollable and unmanageable commercial burden. These costs can have a significant impact both directly and indirectly on any workplace, whether they are small to medium industries, large employers, self-insurers or government agencies.
To assist businesses in meeting legislative requirements, WCMS offers a range of integrated services:
Injury prevention strategies
- Safety reviews
- Pre-employment strategies
- OH & S interventions
- Audit of Return to Work / OH & S systems
Portfolio review
- Analysis of Claims Portfolio and identify “at risk” sites and recommend interventions to reduce Premiums
- Classification review
- Premium calculation
- Policy structure
- Premium modelling
- Premium allocation
- Claims reviews (quarterly with insurer)
- Cost Centre allocations
- Claim analysis and profiling
- Cost driver analysis
- Risk Management
Return to work (RTW) strategies
- Mentoring and technical support for in-house RTW Coordinators
- Outsourcing of RTW activities for all injured workers who are classified as totally unfit. This strategy allows in-house RTW
Claims products
- Recommendation regarding Insurer performance and strategies for managing their activities
- One-off portfolio claims review with provision of strategic claims advice and interventions for “problem” claims
- Claims Portfolio Monitoring – ongoing Claims Portfolio Monitoring and Analysis with strategic claims intervention for identified problem claims
- Claims Technical Advice
- Management Reporting
- Claims Review
- Premium Management
- Wage reimbursement scheduling
- Wage declaration review
Policy placement
- In all states with the exception of SA and QLD, employers may select their insurer. If you are not receiving the service you would like from your insurer, WCMS is able to assist in selecting the insurer that best meets your service needs and in remarketing your policy if required.
Other services
- Service level agreements/Management of Agents/Treatment Providers
- Return To Work/OH & S/Workers Compensation training
- Cultural Change – Safety Behaviour
- Education Programmes
- Third Party Management
- Self-Insurance Review
- Occupational Rehabilitation Internal Evaluations
Please contact us for more information about InterRISK’s Workers Compensation service.