Common insurance terms

Explanations of some of the terminology used in WorkCover documents.

Shape
 
Published: 01 Nov 2006
 
File type: PDF
 
File size: 30.71 kB
 
Reading level: Medium

What it contains

This glossary will help you understand some of the WorkCover documents you may be receiving. It contains explanations of:

  • buy-out option
  • capping
  • Employer Performance Index
  • premium rate
  • remuneration
  • remuneration deductible
  • sizing factor
  • succession
  • Workplace Industry Classification (WIC)