Workers Compensation | Master Builders Insurance Brokers

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Workers Compensation

Preventing injuries from hurting your business.

Cover for

Employee wages
Medical expenses
Treatment and rehabilitation costs

What is Workers Compensation Insurance?

Workers Compensation is a compulsory insurance scheme managed under state-based legislation that provides financial assistance to employees who sustain an injury at work.

Workers Compensation Insurance covers an employer for their legal liability to employees by following their applicable state or territory legislation and is compulsory for all employers to arrange.

If a work-related accident or illness occurs, work health and safety laws require that workers can access first aid, workers' compensation and return-to-work rehabilitation.

A Workers Compensation Insurance policy is designed to cover the wages of your workers if they suffer a work-related injury. The policy also includes cover for medical expenses, treatment and rehabilitation costs.

The State Insurance Regulatory Authority (SIRA) is the NSW Government agency responsible for regulating the NSW workers compensation system. There are three types of insurers in the NSW workers compensation system: icare; self-insurers; and specialised insurers.

icare is a NSW Government agency that provides insurance and care services to statutory authorities and to people with injuries under various compensation schemes.


Not in NSW? Please select your state: Victoria  |  South Australia  |  Western Australia  |  Australian Capital Territory  |  Tasmania  |  Queensland  |  Northern Territory

Key benefits
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Access to savings from standard rates
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Responsive injury and claims management
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Competitive premiums that reward workplace safety
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State-specific coverage advice and assistance with national placements

We can partner with you to achieve:

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Solutions that identify, monitor & reduce cause of injuries

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Sustainable return to work outcomes

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Innovative risk management products

Why do you need this policy?

Here's an example:


John is a sole trader who has worked subcontracting as a bricklayer for six years.

His fitness level is not what it used to be, and his work involves significant lifting on site. While working for a large and reputable home builder, he fails to lift a heavy load correctly and suffers back pain resulting in time off work.
The home builder notifies their Insurer of John's incident and lodges a Workers' Compensation claim. The claim undergoes investigation and settled by the home builders' insurers.

While the subcontractor is unable to work, the home builder is required to maintain contact with him and take an active interest in getting him back to work. They work with their Insurer to ensure site safety has the highest priority.

Advice from our experts:

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If you employ sub-contractors, make sure they have their own Workers' Compensation insurance. Always ensure there is cover under your Workers' Compensation for the work they undertake for you. Failure to do so may result in fines and penalties.

Dele Omisore State Manager, NSW

Why choose Master Builders Insurance Brokers?

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Talk to your local specialist:


Harry Rankin
Harry Rankin
Business Development Team Leader

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