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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 WorkCover Agent with accurate information about your workplace to make sure you are correctly classified. 

Industry rates are an indication of the level of risk within your industry, based on WorkSafe's historical records.

Unless you have a WorkCover insurance history, your industry rate will be used to help determine your WorkCover insurance premium. 

If your industry has a higher safety risk, you are more likely to have WorkCover 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.

Further information