The cost of workers’ compensation is, for some businesses, the highest expense following wages.. It is important to understand the structure of the existing policy and claims experience and costs in order to identify improvements and savings. This is particularly of use prior to appointment as considerable savings can be made that may impact on the company’s ability to trade on, or to make it more attractive to a purchaser. Risk Strategies has over 20 years experience in the field of workers compensation nationally and regularly conducts workers compensation reviews.

Be aware prior to the appointment of the potential exposures and costs associated with statutory requirements. Is there a safe system of work? Are there any major environmental or asset protection exposures? Is capital expenditure required to ensure legal compliance and what is the extent of that? What is insurable and what is not? We can help you answer these questions and assist with due diligence before you are appointment to the business.

OHS Legislation imposes general duties upon the “employer” or those in control of the workplace (i.e. the Insolvency Practitioner) to “provide a workplace that is safe and without risk to health”. You CANNOT INSURE against your exposure in relation to safety and environment. No insurance covers legislative offences.

Don’t risk poor commercial realisation of the business or a conviction under the safety legislation.

We assist practitioners nationally in understanding their exposure related to the businesses they trade on and advise on priorities and actions to be implemented to ensure compliance and sound business decisions.

We will assist you to understand any outstanding environmental issues and identify opportunities

We have experience in dealing state WorkSafe, EPA, and workers compensation authorities and their inspectors. Don’t risk incriminating yourself or not acting on improvement and other notices. We can assist with managing this aspect of compliance.

Non-provision of health and safety information to the plant and equipment purchaser is a contravention of the relevant State Plant Regulations (e.g. VIC OHS Regulations 2007). If you are selling plant (as defined by state plant regulations) you must provide a Plant Hazard Report with every item, unless that item is being explicitly sold as scrap. We conduct plant hazard assessments and provide you with the reports to be forwarded to the purchaser.

Non-disclosure of the presence or absence of asbestos in building to be sold to purchaser is a contravention of relevant State based Asbestos Regulations (e.g. Queensland WHS Regulations 1997). We will attend the site, undertake an Asbestos Survey and provide you with a comprehensive report stating the findings and recommending most cost-effective corrective actions that would ensure compliance with the relevant legislation.