WorkSafe Tasmania

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Notify WorkSafe Call 1300 366 322

How to apply for a licence to insure

Insurance companies that wish to provide workers compensation insurance policies to employers in Tasmania must be licensed and approved to do so by the WorkCover Tasmania Board. Once a licence is granted, a licensed insurer must comply with the conditions of its licence.

Before you apply

You should read and understand the obligations imposed by the license conditions before you apply.

You should be aware that the Board may place further conditions on a licensed insurer as well as these.

You should also read the other licensed insurer information on this website before deciding whether to proceed with your application.

Applying to WorkCover: What to submit

You can apply to the Board by completing an application form (DOC, 136.5 KB).

You must also demonstrate that you:

  • have sufficient financial resources. Provide evidence of your ability to satisfy the Australian Prudential Regulatory Authority standards
  • can meet WorkCover’s data reporting requirements. See item G of the Licence Conditions for details
  • demonstrate a high standard of claims management. Outline how your claims management system is managed effectively. The Board will conduct a verification audit before approving the licence
  • demonstrate a high standard of proven injury management practices. Submit your injury management program for approval. See Licensed insurers and self-insurers: Guidelines for developing an injury management program for details and requirements of injury management programs
  • any other information requested by WorkCover.

Submit the application and supporting information to:

The Secretary
WorkCover Tasmania
PO Box 56 Rosny Park TAS 7018

The assessment process

The Board will assess the information you provide with your application. You may be asked to make a presentation to the Board to support your application. The Board may also conduct a verification audit before a licence is granted.

The Board will not grant you a licence unless you can satisfy that you will:

  • provide the necessary insurance service, including the ability to meet time limits
  • set premiums that reflect:
    • the claims experience of an employer
    • an employer’s commitment to work health and safety
    • an employer’s agreement to provide suitable alternative duties to injured workers
  • be financially viable
  • commit an appropriate level of resources to manage claims in a way that furthers the objective of rehabilitating injured workers
  • involve employers in managing claims for compensation
  • provide the statistical and other information required/likely to be required by WorkCover
  • meet any other requirements that might be set by WorkCover.

Duration of the licence

Once granted, your licence will remain in place until you surrender it or until it is revoked or suspended by the Board.

Your obligations

Once the licence is granted, you must comply with the obligations imposed by the licence conditions.

Your licence conditions will also include ensuring the ongoing provision of data to WorkCover should you cease to hold a licence to insure.

Costs associated with the licence

You are responsible for paying all costs associated with holding a licence, including those associated with applying for the licence.

Updated: 29th October 2019