Notify WorkSafe Call 1300 366 322
Notify WorkSafe Call 1300 366 322

Costs associated with holding a licence to insure

You must meet all expenses associated with becoming a licensed insurer, and the ongoing expenses associated with maintaining your licence. These include:

  • all expenses associated with applying for a licence, including those associated with getting the WorkCover Tasmania Board’s approval of your injury management program
  • any ongoing expenses associated with satisfying your licence conditions
  • any costs associated with managing claims
  • an annual contribution to the workers compensation fund (required by legislation)
  • contributions to the Nominal Insurer Fund, as required
  • any other expenses determined by the Board or legislation.
Updated: 29th October 2019