Stepping into the complex and strictly regulated environment of self-insurance may seem daunting, and it’s often difficult to know where to start. Marsh can help you determine if such an approach is right for your organisation and develop an appropriate alternative workers’ compensation scheme.
We can provide a comprehensive overview of the various options, predominantly focusing on assessing the financial feasibility of alternative workers’ compensation schemes within Australia, taking into account the various benefit structures and costs associated with transition and resourcing. This information is compiled into a comprehensive analysis of the overall cost of each scheme.
Our experienced team of WHS consultants are accredited lead auditors and can assess your company’s WHS management systems against the National WHS Self-Insurer Audit Tool (NAT) or other state-based self-insurer models. This process results in valuable feedback regarding eligibility for self-insurance and gives you the opportunity to eliminate any gaps prior to an application. This step is critical in ensuring a successful application and will help set up your organisation for continued improvement in performance.
Once we have determined your financial viability and assessed your eligibility from a WHS perspective, Marsh can present the findings and assist you to make a decision on which workers’ compensation scheme will be most beneficial to your organisation.
“Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”