| INDUSTRY: | Construction | STATE: | Victoria |
| PREMIUM RENEWAL: | 30 June |
| THE PROBLEM: | Unsustainable Premium Rate. |
OccCorp undertook an initial assessment of their Workcover situation and provide an outcome based solution with projected premium reductions based on implementation of the Project.
As a result OccCorp were engaged in May 2002.
Results:
Reversal of the upward
premium trend.
Long term reduction from 2.5 times industry rate to less than half industry rate.
Reduction in Premium as a percentage of payroll of almost 1.9%.
Reduction in potential premium of many millions of dollars.