| INDUSTRY: | FOOD PROCESSING | STATE: | New South Wales |
| PREMIUM RENEWAL: | 30 June |
| THE PROBLEM: | Company unable to fully understand why their premium was rising and what to do about it. |
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 March 2008.
Results:
Reversal of the upward
premium trend.
$166,000 reduction between initial premium and hindsight premium.
Reduction in Premium as a percentage of payroll of over 10% in less than 2 years.
Reduction in claim costs of almost $500,000.
Reduction in initial premium of almost $800,000 in real dollars over 2 years.