At Brett & Watson, we specialise in providing actuarial services for the workers compensation sector, where we work across a range of states, schemes, and industries, including aged care, disability, wineries, universities, the food industry, and manufacturing. Our clients face a range of challenges, including managing claims, estimating liabilities, and determining whether it is financially feasible for them to become self-insured.

Workers compensation can be a big liability component of your balance sheet, and organisations need to be able to accurately estimate how much will need to be paid for those claims, including claims not yet reported. This can be particularly difficult in sectors where there is a higher risk of workplace accidents or injuries, such as manufacturing or aged care. Our clients also need to comply with state regulations and guarantee that they have the funds available to pay out claims if necessary, which requires accurate liability valuations. In addition, some organisations may be considering becoming self-insured to reduce costs, but need to know whether this is financially feasible and how to make it work effectively.

We understand the challenges that our clients face, and our aim is to provide them with the insights and guidance they need to make informed decisions about their workers compensation.

Below is a list of services we provide to help clients in this sector make informed decisions.