business.gov.au

Insurers Licence - Western Australia

Description

You will need this approval if you are an insurance company and intend to offer Workers' Compensation Insurance to businesses in Western Australia. Workers' Compensation Insurers assess claims made by workers and issue and renew insurance policies in order to indemnify employers from paying compensation to employees regarding workplace injuries.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible, you will need to:

  • be a body corporate authorised under the Commonwealth legislation to carry on insurance business
  • be financially and prudentially viable to the extent that you are able to comply with relevant standards
  • have sufficient financial and material resources available in order to meet your responsibilities
  • be able to provide a standard of service to employers and workers that the agency considers satisfactory.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

5 years

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All Please contact the agency for more information.

Forms

Act(s) name

Workers Compensation and Injury Management Act 2023 Western Australia

Regulation(s) name

Workers Compensation and Injury Management Regulations 2024 Western Australia

Administering agency

WorkCover Western Australia

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Supporting information

Insurers (Opens in new window)