The State Insurance Regulatory Authority has issued more than 50 fines to employers that don’t have the right workers compensation insurance.
Executive Director of Workers and Home Building Compensation Regulation, Darren Parker, said more than $1 million in unpaid premiums has been recouped in recent months as a result of a campaign targeting employers that are not meeting their obligations, particularly, those that have deliberately avoided paying their workers compensation insurance.
"Employers that are not insured are liable for any medical and rehabilitation costs for injured employees. Company directors can be held personally liable for these costs. This could be in the tens of thousands of dollars depending upon the type of injury," Mr Parker said.
Fines and penalties can also be levied, and in this case have been.
SIRA is putting businesses that do not hold the right level of workers compensation insurance on notice.
A worker who is injured when their employer does not have workers compensation insurance is covered by the government safety net, the Uninsured Liability Indemnity Scheme. The scheme seeks to recover costs from the employer or relevant directors.
Don't risk significant financial penalties, legal and medical costs.
Do the right thing by your workers.
For more information on SIRA visit www;sira.nsw.gov.au