You will need this licence to provide insurance for workers' compensation risks for employers in a specific industry. A specialised insurer is authorised to insure employers of a particular industry type and take responsibility for the payment of their claim liability and management of those claims.
Please note that every employer, except a licensed self-insurer, must maintain a policy of insurance for the full amount of its liability for all eligible employees.
There are currently only six specialised insurers in NSW. Application requirements and a licensing policy are currently being developed, which will allow new licensed insurers to enter the workers' compensation insurance market.