Changes to Victoria's Workers Compensation Insurance

CGU has been involved in the Victorian Workers Compensation scheme for more than 30 years. On 30 June 2021 their contract with WorkSafe Victoria ends. 

CGU has been involved in the Victorian Workers Compensation scheme for more than 30 years and are proud of the support [they] have provided injured workers and employers under the scheme.

[CGU’s] current contract with WorkSafe Victoria ends 30 June 2021 and last month WorkSafe Victoria offered CGU a contract extension.

After careful consideration, in-line with the strategic direction of the business, CGU decided not to accept the 2-year extension offer of the existing contract with WorkSafe Victoria.

[CGU’s] customers – both employers and injured workers, remain a priority and [CGU] will work closely with WorkSafe Victoria to help with a smooth transfer to the appropriate scheme Agents, although, no action is required at this time as there will be no impact or disruptions to current services and/or payments.

This decision doesn’t impact CGU’s role in other Workers’ Compensation schemes and CGU remain committed to providing services in WA, TAS, NT and the ACT.

In consultation with WorkSafe Victoria, [CGU] will facilitate an effective transition of all claims and premium information to a new scheme Agent once a timeline and plan has been formally agreed. And, we will communicate with all stakeholders as soon as this information becomes available.

 

CGU 2020, Workers Compensation <https://www.cgu.com.au/business/workers-compensation> 

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