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>