Your industry premium rate
Your industry classification is determined by the activities that contribute the most to the value of your workplace. It is important that you provide your WorkSafe Agent with accurate information about your workplace to make sure you are correctly classified.
WorkSafe updated the industry classification system in 2011. This update better categorises employers, and applies fairer premium rates.
Industry rates are an indication of the level of risk within your industry, based on WorkSafe's historical records.
Unless you have a WorkSafe insurance history, your industry rate will be used to help determine your WorkSafe insurance premium.
- Download and view Industry Rates and Industry Claims Cost Rates for 2012/13
- Download and view Industry Rates and Industry Claims Cost Rates for 2011/12
- Download and view Industry Rates and Industry Claims Cost Rates for 2010/11
If your industry has a higher safety risk, you are more likely to have WorkSafe claims, and consequently your industry rate will tend to be higher.
The Industry Claims Cost Rate (ICCR) is a factor used in calculating your Employer Performance Rate (EPR). If your annualised rateable remuneration is more than $200,000, your EPR will be used in calculating your insurance premium.