Managing your workers’ compensation premium isn’t just about paying invoices—it’s about understanding the drivers behind your premium and taking action to control them.

At Lenehan White, we know that with an optimised culture around risk and injury management, the next step is premium management. This means closely reviewing claims, assessing estimates, and proactively managing premium outcomes.

Whether your business is experiencing rising claim costs or wants a better understanding of the system, we’re here to help you build smarter, more sustainable processes.

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What is Workers Compensation Insurance & How Does it Work?

Workers’ compensation insurance is a statutory requirement for most Australian businesses. It provides financial support to injured workers, covering medical expenses, rehabilitation, and lost wages.

Employers are required to take out this insurance to ensure their employees’ health, safety, and well-being—and to protect themselves from the financial risks associated with workplace incidents.

What is a Workers Compensation Premium?

A workers’ compensation premium is the amount a business pays to its insurer to maintain this coverage.  In New South Wales, premium calculations are regulated by the State Insurance Regulatory Authority (SIRA) and depend on multiple factors, including:

  • Workplace Industry Classification (WIC)
  • Total wages paid
  • Claims history

Premiums can fluctuate year to year depending on these variables, which is why effective premium management is essential.

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Our Premium Management Services – What We Do

At Lenehan White, we specialise in providing independent premium management solutions that give businesses more control, confidence, and clarity.

Our services include:

Reviewing Claims Estimates with Agents

Ensure that estimates are accurate and up to date to avoid inflated premium costs.

Meeting with Agents to Discuss Claim Direction

Actively managing claims to influence better outcomes and reduce future liabilities.

Review of Appropriate WIC Code and Rate for Policy Structure

Make sure your classification accurately reflects your business activities and risk.

Premium Forecasting Options

Helping you plan by projecting how your current performance and claims activity may affect your future premiums.

Self-Insurance or LPR Options for NSW clients Only

Assess whether your business would benefit from alternative models such as self-insurance or loss prevention and recovery (LPR). There are other alternatives available in other states

Ensuring Safety & Minimising Risk

Controlling premium costs begins with improving workplace safety. Our premium management approach always integrates with your broader injury management and safety systems. By addressing risks early, improving return-to-work outcomes, and ensuring clear documentation, we help minimise claim payments and ultimately lower your premium.

Why Choose Lenehan White?

Independent, Expert-Driven Support

Lenehan White was founded to provide independent workers’ compensation expertise to employers seeking continuous improvement. We are not agents or brokers—we work solely for you.

A Process Built for Improvement

Our approach starts by examining your systems and outcomes and then working with you to implement change. Every step is designed to strengthen internal capabilities while delivering measurable results.

Insourced Expertise that Builds Internal Capability

We don’t believe in handing off risk management. We aim to work with your team to build internal skills and knowledge, allowing you to self-manage over time. If required, we provide ongoing insourced expertise to support your journey.

For Businesses Who Value Proactive Management

Our clients range from businesses facing increased premiums to those proactively pursuing continuous improvement. Whatever your current situation, we bring the insight, structure, and strategy to strengthen premium management.

Take Control of Your Premium Today

Premium management doesn’t have to be complicated.

With Lenehan White’s expert support, your business can reduce costs, improve compliance, and strengthen internal processes for the long term.

Get in touch with us today to discuss how we can help manage your workers’ compensation premiums with confidence.