Common insurance terms

Explanations of some of the terminology used in WorkCover documents.


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)