Self Insurance Newsletter April 2007 – Self Insurance v Scheme Insurance

  • Finity

    In all Australian states you can choose to insure your company's workers compensation risk or you can self-insure; either via the state scheme or Comcare. The difference between the cost of insurance premiums and self-insurance can be significant and hence may be of interest to, companies considering self-insurance or self-insurers who want to know how their current costs compare with the premiums they would have to pay for insurance.

    For any particular year the comparison between self-insurance and insurance needs to take into account a number of components.

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