|Standard 6 – Recoveries.|
In certain circumstances, workers compensation insurers will be able to recover from other insurers or persons (third-parties) who share a proportion of liability for an injury.
Enabling insurers to recover funds from third parties who share a proportion of the liability for an injury helps to ensure the sustainability of the workers compensation system.
Early identification and effective management of third-party recoveries helps ensure the sustainability of the NSW workers compensation system. Insurers may also consider informing the worker or worker’s representatives of the potential right to claim damages from a third-party.