What is self-insurance?

Understand how self-insurance can help large businesses manage their own claims process.


What is self-insurance

Self-insurance provides eligible employers with the option of managing and bearing the costs and risks of their own workers' compensation claims.

Just like insurance through a WorkSafe agent, self-insurance:

  • provides direct incentives to improve injury prevention and rehabilitation performance
  • ensures that workers are treated fairly and equitably
  • contributes to continuous improvement in health and safety and return to work performance

Who is eligible for self-insurance?

To be eligible to be a self-insurer, you must:

  • be a body corporate, and not a subsidiary of another body corporate
  • satisfy minimum requirements regarding financial strength and viability and demonstrate that you are, and would be, capable of meeting your claims liabilities

How do you apply for self-insurance?

You must firstly request an assessment of eligibility by WorkSafe. Once WorkSafe has declared that your organisation is eligible to apply, you can then submit a full self-insurance application.

If you are interested in applying to become a self-insurer, please contact WorkSafe.

The relevant forms you need to complete can be obtained directly from WorkSafe.

More information

WorkSafe Advisory Service

WorkSafe's advisory service is available between 7:30am and 6:30pm Monday to Friday. If you need more support, you can also contact WorkSafe using the Translating and Interpreting Service (TIS National) or the National Relay Service.

1800 136 089 More contact options