WTW’s actionable analytics, process innovation and market solutions help you to protect your people and your organisation.
Why WTW?
WTW designs workplace risk strategies that help you achieve your organisation’s financial and operational objectives. Whether your focus is accelerated growth or preparing for economic challenges, we will provide you with solutions to meet your short and longer-term goals.
Our Workplace Risk capabilities are made up of three areas:
Workers’ Compensation
All Australian employers must have Workers’ Compensation insurance and it is often the most expensive insurance your business holds. An added complexity is that because of different laws in each state and territory, it is not possible to have just one insurer or scheme agent.
So, how can you ensure you’re getting the best and most cost-effective solution for your business? WTW acts as advocates for our clients by leveraging our relationships within the market and making complex insurance as simplified as possible. As trusted risk advisors to your business, we help drive success by reducing the cost and administration of a Workers’ Compensation program.
Work Health & Safety
We assist our clients in understanding their obligations under Work, Health & Safety (WHS) legislation – also known as Occupational Health & Safety (OHS) – and partner with them to implement the right risk prevention strategies for their workplaces.
Employee Relations
We offer the only total Workplace Risk solution within the Australian market, providing advisory services across Workers’ Compensation, Work Health & Safety, and Employee Relations. We support our clients in establishing and maintaining legally compliant frameworks for constructive employee relations and navigating the complexity of overlapping legal obligations which exist within their workplaces.
What can we do for you?
Talk to us about how our seven key people risk solutions can benefit your business.
Success stories
Premium refund
While onboarding a client, we reviewed the company’s national Workers’ Compensation program and identified that the client was entitled to a refund of $75,000. That refund was made to the client within seven days of our identification.
51 claims “lying in limbo” closed in a six-month period
After being appointed to a new client, our extensive onboarding process and partnership approach resulted in the implementation of a new strategy for the organisation. The strategy focused on closing claims that had been “lying in limbo” and after just six months, we were able to close 51 of these, which equated to one third of all open claims for our client.
Money saving analysis and redesign
After an in-depth analysis of a national client’s policy structure and design we identified a more financially advantageous alternate design structure. This recommendation reduced our client’s annual premium spend by $1 million.
Due diligence
During the due diligence phase of a client’s acquisition, we were engaged to review the workers’ compensation program of the target business to give them a true picture of liabilities. Our detailed analysis highlighted that this business had been unnecessarily paying over $300,000 in premium per year, resulting in a corresponding saving to our client.
Why you should contact WTW
- To learn about alternate premium arrangements available to you.
- If you’d like your policy classifications reviewed for accuracy and cost optimisation.
- If you have received an improvement notice from SafeWork and don’t know what to do.
- To strengthen your employee relations practices and minimise risk of legal claims.
- When you see increases to your Workers’ Compensation premiums.
- To learn about strategies to reduce your Workers’ Compensation premium.
- To be able to regularly forecast Workers’ Compensation premiums.
- If you are experiencing service issues with your Workers’ Compensation scheme agent/insurer.
- When you have one large claim that is impacting your Workers’ Compensation premium.
- When you’d like to know more about the benefits of outsourcing.
Next step – contact a member of the Workplace Risk team to further discussions
Download
| Title | File Type | File Size |
|---|---|---|
| The Psychosocial Hierarchy of Controls risks - February 2025PDF | .5MB | |
| Long service leave non compliance - know the risksPDF | .4MB | |
| Evolving Drug Laws Update (DEC 2023)PDF | .3MB | |
| Industrial Manslaughter Legalisation in WA - March 2022PDF | .7MB |
Contacts
Workplace Risk capabilities are made up of three areas: Workers’ Compensation, Work Health & Safety and Employee Relations.
Next Steps