Workers Compensation Insurance in Australia

Know the insurance cover to assist your business on work-related injury claims

While you may have all the necessary safeguarding in your workplace, a worker may still get injured while in the course of work. Workers compensation insurance is one of the most significant coverage to help an employer with the financial and emotional burdens. At the same time, it assists injured workers before they can get back to work.

What is workers compensation insurance?

It is an insurance product designed to cover the benefits of your employees if they suffer workplace-related injury or illness. Workers compensation is a mandatory requirement for all businesses to cover their staff and contractors in the event of an accident.

Do I need workers compensation insurance?

Workers compensation insurance is required in Australia, although the rules in each Australian state are administered differently. In Queensland, Victoria, NSW, and South Australia, it is solely operated by the government. For Western Australia, ACT, Tasmania, or Northern Territory, an insurer privately handles workers compensation.

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Other Insurance Products for Additional Protection

Risks for businesses are not only related to practice but to business operations as well. Get covered by other insurance policies on top of workers compensation insurance. These insurance products below are a recommendation only and are subject to a review of your specific requirements.

Management Liability

is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit, and statutory fines and penalties.

Business Insurance

This protects your business, covering equipment and property damage from accidents, losses due to theft, fire, glass but not limited to. You may also want to consider Business Interruption, for the potential loss of income, under certain sections of the business policy.

Tax Audit Insurance

Whether you run a small or large business or work as a health or beauty contractor. This insurance policy will cover your business for tax auditing by the ATO.

Cyber Insurance

If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This insurance product covers you from data theft.

Personal Accident and Illness Insurance

This insurance is for every individual, business owner or contractor, as accidents and sickness do happen to business owners and contractors. This may assist your business to enable you to employ staff to cover you, the business owner, while you are unable to work.


1. Do I need workers compensation insurance for 1 employee?

Yes, all employers with at least one employee must have workers compensation insurance. This insurance policy covers contractors and subcontractors unless they are independent entities. It is the general responsibility of employers to provide the information they need.

2. How much does this insurance cost?

The cost depends on the level of cover you want to get and the business type and service you offer. Sparrow Insurance can assist you, you can get help with a policy to have your business and goods insured.

3. How do I apply for this insurance plan?

Talk to us through the Contact Us page or give us a call at (07) 550 28326. We can proceed with the initial consultation, where we can assess your business operations. From there, our trusted insurance brokers can present to you several packages to choose from.

4. Is there a fee for additional coverage?

Extras in insurance cover come with additional fees.