COVID-19 Best Practice Guide for Building Industry
Master Builders NSW has produced a detailed best practice guide for running building sites in the current COVID-19 environment. This guide is current as at 22 May 2020.
Managing your workers compensation insurance during COVID-19
A message from icare:
We understand the impact that COVID-19 is having on NSW businesses and we’re here to support you.
First and foremost, we encourage our customers experiencing financial difficulties as a result of the COVID-19 disruptions to discuss how we can support you and your policy needs.
One of the key impacts facing many of our customers is the need to reduce staff. We understand how this can impact your wage estimates which in turn impacts your premium.
If you have recently had to reduce your workforce in response to COVID-19 impacts, please get in touch and let us know your revised estimated wages so we can adjust your premium.
You can reach out to us on 13 44 22.
COVID-19 Long Service Leave Act Amendment
On 24 March 2020, NSW Parliament passed temporary laws which created more flexibility for employers and workers to access long service leave in advance during the ongoing COVID-19 crisis. These laws are effective on and from 25 March 2020.
The amendments allow employees to take leave in shorter blocks, such as one day a week, and without the traditional one-month notice period, by agreement with their employer.
The legislation took effect for six months from 24th March 2020 with the possibility of an extension to one year. Read more here.
COVID-19 and insurance policies
From the increasing strains on health systems to once busy cities now left quiet and deserted, COVID-19 is the most serious global health crisis for a generation. And with contagion, uncertainty and lockdown come economic dislocation and market turmoil.
While much of this will be a test over the coming months, it is likely insurance will not be the remedy to the economic challenges ahead. Unfortunately, many policies either exclude a pandemic or have insuring clauses that would not trigger in this instance. Read more here about Contract Works & Liability and Workers Compensation insurance policies in relation to COVID-19.