WorkCover notices and statements explained
Throughout the course of the financial year your WorkCover Agent will issue you with notices, invoices and statements that relate to your ongoing WorkCover insurance coverage. What you receive, and when you receive it will depend on a number of factors, including your size, whether or not you have had claims and whether information has changed that affects your insurance.
These are the common types of notices and statements sent by WorkCover Agents:
Employers are sent this package when they first register for WorkCover insurance. The package contains an 'If You are Injured' poster and a checklist of your legal obligations in relation to WorkCover insurance and workplace safety. The New Registration package might also contain your first Premium Notice and invoice.
Each year, this year in early July, the VWA issues every registered employer with a Renewal package. For many employers this may be the only WorkCover insurance related correspondence they receive each year. The Renewal package can contain a Premium Notice, an Adjusted Premium Notice, an invoice, a Declaration of Rateable Remuneration form and other WorkCover notices.
WorkCover Claims Statement
If an employer has claims made against their WorkCover insurance that will impact on the calculation of the premium they are required to pay they will be notified of the claims, and the costs associated with them, in the WorkCover Claims Statement. Employers are not sent the Claims Statement, instead it is made available for them via their Correspondence in the VWA's Online Employer Services. For more information on the content of the WorkCover Claims Statement view the WorkCover Claims Statement Guide
WorkCover Premium Notice
The WorkCover Premium Notice provides an explanation of the premium that has been calculated for the employer's WorkCover insurance for a specific period of coverage. A period of coverage is usually a financial year, however this may differ if the employer has changed classification during the financial year, or they commenced operating during the financial year.
The Premium Notice will highlight the remuneration amount that has been used in the premium calculation and the WorkCover premium rate applied to it. If the employer is large enough to be experience rated then it will also provide the employer's Employer Performance Rate (EPR).