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Legal Requirements Return to chapter video |
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Workers Compensation
One of your legal responsibilities as an employer is to provide workers compensation cover for your employees. Workers compensation provides valuable protection to cover loss of earning capacity, medical expenses and rehabilitation costs.
All employers must ensure that they have a workers compensation policy to insure themselves against compensation claims for workplace related injuries. This cover is vital as compensation claims can become very expensive, depending on the extent of the injury and the effect that is has on the workers' ability to perform their job.
When an employee is injured at work, it is the responsibility of the employer to have a policy in place that will cover the related expenses of that injury. A worker may also suffer a loss of earning capacity for either a period of recovery or for the rest of their lives, depending on the time it will take them to return to work.
Workers compensation also provides for expenses associated with assisting employees who are returning to work. This may include training and modification of their workplace and equipment. Employers should be flexible wherever possible to allow employees to return to their old job.
In the unfortunate event of a workplace related employee death, workers compensation will provide compensation to the family. Information on dealing with the Workplace death of an employee can be found at the Workcover NSW website.
The Workers Compensation Commission can provide you with information regarding the legal requirements of employers. It also has details on what to do if you are an injured employee. Your relevant state or territory Workcover Authorities have additional information available.
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