Items Tagged ‘workcover’

Reduce your WorkCover Premium

Sunday, September 11th, 2011

You would have recently received your 2011/12 Workers’ Compensation Premium Statement from your WorkCover Insurance Agent. WorkCover is typically the second largest labour cost for organisations and needs strategic management at the Executive level.

Many organisations fail to realise that their WorkCover Premium is a variable insurance cost that can be reduced below their industry rate.  Just one workplace injury can impact on your WorkSafe premium and cause a significant increase.

As reported on the WorkSafe Victoria Website, for the calculation of 2011/12 premiums, claims reported between 1 January 2008 and 31 December 2010 are used to determine your experience. This period is referred to as the “Claims Reporting Period”. Claims reported after 31 December 2010 have not been used in the premium calculation for 2011/12. However, these claims will form part of your experience and consequently affect your premium in the future.

P2 Group customers, please send a copy of your Worker’s compensation premium renewal to our office by fax (03) 9818 8916 or email  james.kydas@p2group.com.au for our records.  If you are a client of P2 Group, we will assess if you achieved your worker’s compensation forecast. If you are not a client of P2 Group, we welcome you to send your bill for an independent and confidential review.

Please do not hesitate to contact James Kydas or Paul Marsh at P2 Group (03) 9818 8914 if you have any queries or require assistance with this matter.

Please also confirm if all your active workplaces are registered on your WorkCover policy and inform us if any worksites were registered or ceased this financial year.

Our mission remains clear – by providing unsurpassed return for your investment and supplying independent expert advice, P2 Group aim to be the first choice WorkCover consultants.

Ageing Workforce Seminar – Part 2 – Paul Marsh

Tuesday, May 24th, 2011

The Ageing Workforce and Workers’ Compensation

Ageing workforce management and workers’ compensation are linked, due to the risk of injuries and claims rising with age. Self managing workers’ compensation can lead to bottom line savings through reduced premium costs, which can be reinvested into managing your mature workforce. This will ensure your workers’ compensation costs remain low and staff welfare remains high.

Demands to prolong working life and increase productivity are under discussion in Australian policy; hence designing for an ageing workforce is a critical workplace issue. Millions of dollars have been wasted by employers over the years as a result of not sustaining the performance of their people once they begin working, despite the impact that people have on efficiency. Rather than considering people as assets to be preserved, often they are, in effect, treated as liabilities – frequently being replaced with business critical knowledge and skills for no reason other than length of service.

Plan For a Return to Work – Section 195

Sunday, May 15th, 2011

On 1 July 2010 Peter Hanks (Queens Counsel) undertook a review of the Victorian Accident Compensation Act, legally binding employers to plan the return of a worker from when they first become aware of a worker’s injuries, irrespective of whether a WorkCover claim has been lodged.

As Section 195 states: An employer must, to the extent that it is reasonable to do so, plan the return to work of a worker from the date on which the employer knows or ought reasonably to have known of the worker’s incapacity for work, whichever is the earlier date.

It is considered reasonable to plan the return to work of a worker when an employer believes that with the appropriate supports in place, the worker could return to work in some capacity. In almost every case, a worker can return to work in some capacity, regardless of the injury – a worker does not need to be 100% recovered to return to work.

In an ideal situation, employers would be aware of and address a worker’s incapacity for work before the worker ceases work and before a WorkCover claim form is lodged. This requires employers to be aware of pre-existing injuries / illnesses and the current health status of their staff, to actively monitor the health of their staff, to look for early warning signs of injury / illness and to be aware of factors outside of work that may potentially impact a worker’s ability to work. When employers become aware of an injury / illness / issue that may impact a worker’s ability to work, employers need to act fast and implement appropriate measures to support the worker remain at work, or return to work.

All P2 Group clients arrange assessments of capacity as the first step in assisting their workers return to work. This is critical to enabling employers to take control of the return to work process, the results of which feed into P2 Group’s unique strategic case management process and assist our clients to achieve the following results:

• Gain control of all WorkCover cases:
How? The employers request the services of P2 Group Occupational Therapists to meet with their workers and conduct functional capacity evaluations. The P2 Group Occupational Therapists will identify capacity and work with managers and line managers to develop a pathway for the worker to return to work in a timely manner as part of the active recovery process.

• Reduce claims costs and achieve significant savings in WorkCover premiums:
How? The employers move quickly to engage P2 Group Occupational Therapists directly and fund the services through their early intervention programs. Less costs, better outcome and improved workforce culture.

• Move fast:
How? The employers and the workers do not lose time waiting for approvals from their WorkCover insurance agents. The employers move fast and stay in control from the start. This results in most WorkCover claims being lodged as minor claims that do not impact WorkCover premiums.

• Reduce WorkCover claims and improve workplace culture:
How? Over time as employers continue to assess workers with injuries and early signs of conditions, the line of communication opens between managers and their workers, which generates a positive workforce culture. As workers learn that they will be supported with their health and well-being through early intervention programs, they inform their managers of aches and pains early instead of automatically lodging WorkCover claims.

Peter Hanks’ amendment to Section 195 now legally binds employers to plan the return to work of a worker. It enables employers to take control of providing sustainable and effective return to work, benefiting the employer, the worker and the organisation as a whole.  Contact an Occupational Therapist at P2 Group on (03) 9818 8914 for more information.

Arrange Your Own Assessments Of Capacity – Section 202

Wednesday, October 27th, 2010

“Can I, the employer, ask a worker to participate in an assessment of their capacity?”  The answer is YES. Employers should be aware they can request their workers to participate in assessments of their capacity. Furthermore, workers are legally obligated to participate in assessments as part of the return to work process even if they are certified unfit for all duties at the time of the assessment.

Section 202 of the recently updated Victorian Accident Compensation Act states ‘ A worker who has an incapacity for work must, when requested to do so by the employer … , actively participate and co-operate in any assessment of:
a) capacity for work
b) rehabilitation progress
c) future employment prospects’

All too often a worker’s treating doctor will exert too much control within the return to work process. P2 Group Occupational Therapists can assess a worker’s physical, cognitive and psychological health with a strong focus on capacity and what a worker can do as opposed to identifying incapacity. This documented capacity can then be discussed with a worker’s treating doctor to assist in facilitating a return to work. Keeping in mind P2 Group Occupational Therapist’s are specifically trained to obtain knowledge of the employer’s worksites and their operational requirements, which are incorporated with the worker’s needs to reach positive outcomes that are good for the employer and the worker.

All P2 Group clients arrange assessments of capacity as the first step in assisting their workers return to work. This is critical to employers controlling the return to work process, the results of which feed into P2 Group’s unique strategic case management process and assist our clients to achieve the following results:

• Gain control of all WorkCover cases:
How? The employers request the services of P2 Group Occupational Therapists to meet with their workers and conduct functional capacity evaluations. The P2 Group Occupational Therapists will identify capacity and work with managers and line managers to develop a pathway for the worker to return to work in a timely manner as part of the active recovery process.

• Reduce claims costs and achieve significant savings in WorkCover premiums:
How? The employers move quickly to engage P2 Group Occupational Therapists directly and fund the services through their early intervention programs. Less costs, better outcome and improved workforce culture.

• Move fast:
How? The employers and the workers do not lose time waiting for approvals from their WorkCover insurance agents. The employers move fast and stay in control from the start. This results in most WorkCover claims being lodged as minor claims that do not impact WorkCover premiums.

• Reduce WorkCover claims and improve workplace culture:
How? Over time as employers continue to assess workers with injuries and early signs of conditions, the line of communication opens between managers and their workers, which generates a positive workforce culture. As workers learn that they will be supported with their health and well-being through early intervention programs, they inform their managers of aches and pains early instead of automatically lodging WorkCover claims.

In addition to the above, employers also have increased return to work obligations. Section 195 of the recently updated Victorian Accident Compensation Act states -
‘An employer must, to the extent that is reasonable to do so, plan the return to work of a worker from the date on which the employer knows or ought reasonably to have known of the workers incapacity for work.’

What is important to note here is this incapacity may be identified prior to the lodgement of a WorkCover claim. So what do employers do then? Simple, arrange a functional capacity evaluation with a P2 Group Occupational Therapist and proceed down an early intervention path. Want to know more about early intervention? Contact an Occupational Therapist at P2 Group on (03) 9818 8914 for more information.

Reduce Your WorkCover Premium and Add To Your Bottom Line

Wednesday, October 27th, 2010

You would have recently received your 2010/11 WorkCover Premium Renewal from your WorkCover Insurance Agent. WorkCover is typically the second largest labour cost for organisations and needs strategic management at the Executive level. Many organisations fail to realise that their WorkCover Premium is a variable insurance cost that can be reduced below their industry rate.

Are you paying too much? Would you like to reduce your WorkCover premium by 50% in the next 1-2 years? If you are ready to embrace change contact James Kydas or Paul Marsh at P2 Group on (03) 9818 8914.

Congratulations to Continental, who have been awarded P2 Group’s People Performance Award 2010.

Sunday, June 27th, 2010

Congratulations to Continental, who have recently been awarded P2 Group’s ‘People Performance Award’, 2010.   P2 Group have worked side by side with Continental since March 2009, implementing the P2 Group Injury Management process to take control and address the rise in WorkCover premium. This partnership has seen Continental’s WorkCover premiums decrease significantly and the implementation of a uniformed injury management process. Continental have gained control of their worker’s compensation claims, achieved significant savings and is on target for further savings.  Continental have successfully made the transition from Injury Management to Injury Prevention.

Continental Photo Paul Marsh presenting the P2 Group ‘People Performance Award’, 2010, to Robert Gobaira, Senior Manager Production, Joy Adcock, Management Systems Manager and Danielle Pasa, Human Resources Adviser from Continental.

The Importance Of Employers Arranging Their Own Assessments Of Their Workers’ Capacity.

Thursday, June 3rd, 2010

A common question from employers is “Can I ask a worker to participate in an assessment of their capacity?” The answer is yes. This is a key component to the return to work process. Employers can arrange for workers with current injuries or early signs of physical and / or mental conditions to participate in assessments of their capacity, which when implemented with the P2 Group injury management process can have many benefits for employers, the workers and workforce management. On average our clients achieve a 50% reduction in their WorkCover premiums in the first 1 – 2 years.

Employers should be aware they can request their workers to participate in assessments of their capacity and the workers are legally obligated to participate as part of their return to work plans.

All P2 Group clients arrange assessments of capacity as the first step in assisting their workers to return to work. This is critical to employers controlling the return to work process, the results of which feed into P2 Group’s unique strategic case management process and assist our clients to achieve the following results:

•    Gaining control of all WorkCover cases.
How? The employers request the services of P2 Group Occupational Therapists to meet with their workers and conduct functional capacity evaluations. The P2 Group Occupational Therapists will have prior knowledge of the employers’ worksites and their operational requirements, which are incorporated with the workers’ needs to reach positive outcomes that are good for the employers and the workers.

•    Reducing claims costs and achieving significant savings in WorkCover premiums.
How? The employers engage P2 Group directly and pay for P2 Group Occupational Therapists services. These costs do not increase WorkCover claims costs.

•    Moving fast.
How? The employers and the workers do not lose time waiting for approvals from their WorkCover insurance agents. The employers move fast and stay in control from the start. Most WorkCover claims can be lodged as minor claims which do not impact WorkCover premiums.

•    Reducing WorkCover claims and improving workplace culture.
How? Over time as employers continue to assess workers with injuries and early signs of conditions, the line of communication opens between managers and workers and generates a positive workforce culture. As workers learn that they will be looked after, they inform their managers of aches and pains instead of automatically lodging WorkCover claims.

In addition, as of 1 July 2010 employers will have increased return to work obligations. Peter Hanks QC who recently undertook a review of the Victorian Accident Compensation Act has stipulated that employers need to plan workers’ return to work from when they first become aware of their injuries, irrespective of whether a WorkCover claim has been lodged. Employers are able to fulfil their obligations by using P2 Group Occupational Therapists to assess their workers, which will enable employers to plan their workers’ return to work.

To achieve the benefits listed above, employers need to be able to interpret the assessment findings and incorporate them into Return to Work Plans. This provides a clear path forward for the workers and the Treating Practitioners and facilities a positive outcome. Employers remain in control and savings from reduced WorkCover premiums can be used to meet operational requirements and OH&S initiatives to improve staff welfare.

Click here to contact a P2 Group consultant to discuss employers arranging their own assessments of capacity and experience the difference.

Carla Dellwo
P2 Group Occupational Therapist

2010 WorkCover Premium Illustration

Thursday, June 3rd, 2010

You would have recently received your 2010/11 WorkCover Premium Illustration from your WorkCover Insurance Agent.  WorkCover is typically the second largest labour cost for organisations and needs strategic management at the Executive level. Many organisations fail to realise that their WorkCover Premium is a variable insurance cost that can be reduced below their industry rate.

How? By reducing the most important factor driving your WorkCover premium – claims costs, more specifically the Statistical Case Estimate (SCE) attributed to each WorkCover claim. Claims costs consist of the actual amount spent on a claim + the SCE associated to each claim. The SCE can be reduced through strategic claims management provided by industry experts at P2 Group.

WorkSafe Victoria introduced the SCE model in 2004 to level out the playing field across all WorkCover Agents. Instead of a human case manager setting the estimate costs on individual claims, WorkSafe Victoria introduced a computer algorithm to recalculate all estimate costs on the fifth day of every month. During July a final calculation will be performed and a snapshot of the actual costs + estimate costs is entered into the premium renewal calculation with a final bill issued at the end of August.

Claims costs consist of a number of different attributes such as medical and like expenses, legal expenses, occupational rehabilitation expenses etc. but the attribute which has the most profound affect on claims costs is weekly compensation. By taking control internally of your injury management procedures and having your managers implement sustainable return to work plans for their injured workers, your claims costs will reduce.

P2 Group works with an organisation’s executive team to implement a self insurance approach to tackling their injury management and the associated claims costs.

Our clients save an average 50% on their WorkCover premiums in the first 1-2 years working with P2 Group adding directly to their bottom line. We put you in control of your WorkCover, to save you money and time. Click here to contact a P2 Group consultant to arrange an independent evaluation of your WorkCover premium.

Review the Remuneration Estimated 2009/10

Monday, March 22nd, 2010

The purpose of this note is to remind you to review the remuneration you estimated for 2009/10.

If you forecast an increase greater than 20% in your remuneration for the 2009/10 year, compared to the remuneration you estimated at the beginning of the financial year, you must provide your WorkCover Agent with a revised estimate in writing immediately. If you fail to do so, you may be penalised up to 100% of the premium difference.

Consider if there have been any unplanned activities this financial year that could result in an increase in remuneration, for example business acquisitions, increases in staff numbers due to a growing industry or increases in superannuation payments.

Click here to be directed to WorkSafe Victoria for more information regarding rateable remuneration.

It is also good practice to advise your WorkCover Agent if your actual remuneration during the policy period will be significantly less than the remuneration you estimated at the beginning of the financial year. Your future premium installments can then be adjusted in line with the reduced remuneration.

Please do not hesitate to contact James Kydas or Paul Marsh at P2 Group (03) 9818 8914 if you have any queries or require assistance with this matter.

Reduce your WorkCover Premium before it’s too late

Sunday, February 21st, 2010

Organisations only have five more opportunities to reduce their WorkCover premium before the 2010/2011 renewal is calculated. WorkCover is typically the second largest labour cost for organisations and needs strategic management at the Executive level. Many organisations fail to realise that their WorkCover Premium is a variable insurance cost that can be reduced below the industry rate.

How? By reducing the most important factor driving your WorkCover premium – claims costs, more specifically the Statistical Case Estimate (SCE) attributed to each WorkCover claim.  Claims costs consist of the actual amount spent on a claim + the SCE associated to each claim. The SCE can be reduced through strategic claims management provided by industry experts at P2 Group.

WorkSafe Victoria introduced the SCE model in 2004 to level out the playing field across all WorkCover Agents. Instead of a human case manager setting the estimate costs on individual claims, WorkSafe Victoria introduced a computer algorithm to calculate all estimate costs on the fifth day of every month. During July a final calculation is performed and a snapshot of the actual costs + estimate costs is entered into the premium renewal calculation. Therefore leaving only 5 more opportunities this financial year to resolve open and active WorkCover claims and reduce the SCEs associated to each claim.

Claims costs consist of a number of different attributes such as medical and like expenses, legal expenses, occupational rehabilitation expenses etc. but the attribute which has the most profound affect on claims costs is weekly compensation.  By taking control internally of your injury management procedures and having your managers implement sustainable return to work plans for their injured workers, your claims costs will reduce.

Time is fast running out so ask yourself, what is the cost of waiting?

Click here to contact P2 Group for independent expert advice. P2 Group can review your claims costs to determine what your achievable savings are for the current and next financial years, if you implement the P2 Group strategic injury management process. P2 Group can establish a budget with the CFO to take control of WorkCover costs. What you can measure you can manage.