What is Employer Grouping & How Does it Affect My Premiums?



Grouping is where related businesses in NSW must group their workers' compensation insurance should their combined wages be over $750,000.


Is this you?

If so, best to email premium.services@icare.nsw.gov.au as there are some exceptions to the rule that are worth investigating.


This is important to note as different groups throughout your business may incur a different industry classification rate. As your industry classification rate is multiplied by your wages, it can significantly impact your overall premium.


For a loose and oversimplified example, if half of your business was a sawmill and the other half the sales team, one would have a higher risk rating than the other. By splitting the two, you may pay less in premium for the sales side of the business (considering many other factors).


Want to know the facts about your workers’ compensation premium?


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