Lockton has in excess of 25 years experience in assisting large corporations determine whether self-insurance or Comcare is the suitable workers compensation insurance option.

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Self-Insurance

Designing a sustainable program for your organisation

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Our Self-Insurance Pathway

Lockton has in excess of 25 years experience in assisting large corporations determine whether self-insurance or Comcare is the suitable workers compensation insurance option.

Why Self-Insurance Workers’ compensation remains one of the largest insurance costs for employers and self-insurance can provide significant cost savings. Employers who implement a best practice framework for safety, injury and claims management can see improved cash flow benefits.

The Roadmap to Self-Insurance Lockton propose a 4-step process for organisations to become and maintain self-insurance. Each step requires complete buy in from a company to ensure a seamless transition out of your relevant workers’ compensation scheme.

The Purpose of Self-Insurance Self-insurance allows an employer to carry their own financial risk and not be burdened by poor performing clients within their industry across state-based schemes. Clients are responsible for the management of their own claims and the payment of their claim liabilities.

"Our private ownership model allows us to be agile and move with the needs of our clients, without the bureaucratic constraints of a publicly listed organisation, which we feel is critical in a service providing organisation."

Lockton Self-Insurance Road Map

Uncommon Thinking

We’re more than an insurance broker - we’re specialist risk consultants.

Your people are unique - the way you look after them should be too. We combine global reach and expertise with a family business mentality, working with you - not around you - to build a benefit package that reflects your employees and truly sets you apart.

Working with Lockton

  • Most experienced self-insurance team within Australia that work independently for our clients best interests

  • Provide our clients with a governance framework that will ensure the successful running of your self-insurance program

  • Ensure your people are your number one focus and that your balance sheet is a close second

Some reasons why our clients are exploring self-insurance

Key Contact

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Morag Fitzsimons

Manager, Employee Care

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Michael Woodlands

Head of Sport

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Mark Goodey

National Production Manager, Employee Benefits

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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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