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.

PEOPLE SOLUTIONS

Workers' Compensation Self Insurance

Contact Us

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.

    Lockton Self-Insurance Road Map

    The Lockton Self-Insurance Roadmap black background

    Our services

    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

    Key contacts

    Placeholder image

    Morag Fitzsimons

    Head of People Advisory
    Morag.Fitzsimons@lockton.com
    +61 414 638 821

    Placeholder image

    Michelle Klobas

    Manager Advisory Services Employee Care
    michelle.klobas@lockton.com
    +61 438 475 296

    Latest news and insights

    Lockton, the world’s largest independent insurance broker, has appointed Mark Jones as its new International Chief Financial Officer (CFO), effective immediately.  Lockton appoints Mark Jones as International Chief Financial Officer

    Bird flu: mitigating the risk of disease outbreak and spread

    As the avian influenza virus (bird flu) continues spreading around the globe, poultry farmers need to stay alert and remain vigilant with  mitigation measures. In addition to monitoring local and regional incidence rates and closely following risk mitigation standards, poultry farmers should consider making use of insurance protection while it remains available. As the avian influenza virus (bird flu) continues spreading around the globe, poultry farmers need to stay alert and remain vigilant with  mitigation measures. In addition to monitoring local and regional incidence rates and closely following risk mitigation standards, poultry farmers should consider making use of insurance protection while it remains available.

    Protecting your retail business with parametric solutions

    The retail industry is facing several emerging risks that can have a severe impact on revenues. These include changing weather patterns, supply chain disruptions, and the consequences of the digitisation of business processes.  
 
Where existing risk mitigation measures are insufficient or traditional insurance policies are unable to cover the risk, parametric insurance solutions can cover the gaps.  The retail industry is facing several emerging risks that can have a severe impact on revenues. These include changing weather patterns, supply chain disruptions, and the consequences of the digitisation of business processes.  
 
Where existing risk mitigation measures are insufficient or traditional insurance policies are unable to cover the risk, parametric insurance solutions can cover the gaps. 

    Data centers: Protecting projects across the life cycle

    While global sentiment may be subdued in some sectors, there is a lot of excitement about data centers. Demand for data center capacity is expected to grow rapidly in coming years, driven not only by customer demand but also by the rapid rise of artificial intelligence (AI) advancements. To meet this demand, AI data center capacity is conservatively projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation.

While global sentiment may be subdued in some sectors, there is a lot of excitement about data centers. Demand for data center capacity is expected to grow rapidly in coming years, driven not only by customer demand but also by the rapid rise of artificial intelligence (AI) advancements. To meet this demand, AI data center capacity is conservatively projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation.
    See all news and insights

    We're here to help

    Our People solutions team bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

    Talk to our team

    Lockton People Solutions FAQs

    Lockton believes every business maximizes their potential when their people maximize theirs. That’s why we help our clients make their business, and their people’s lives, better. We know employers need solutions that help balance attracting and retaining talent, manage costs and promote employee well-being. Lockton helps guide clients to people solutions that drive employee understanding, engagement and satisfaction; incorporate competitive total rewards and benefits packages; and manage and measure the effectiveness of your programs.

    We work with every client thinking about how we can best improve your employee experiences to drive engagement, understanding, satisfaction and productivity; design total rewards and benefits that increase perceived value and help attract and retain talent, while controlling costs; and help you make information-based decisions, measure and manage your programs, while driving a competitive business advantage amid an increasingly complex landscape.

    Lockton delivers a full suite of solutions in the following areas: employee experiences and engagement, total rewards and benefits, and management and measurement.

    Lockton is privately owned, which allows teams to prioritize client business. Our Associates are empowered to go above and beyond to help their clients succeed and the entrepreneurial culture at Lockton fosters data-driven solutions, solving problems faster and more efficiently.

    Lockton operates all over the globe through Lockton offices and a network of Lockton Global Partners.

    Click here (opens a new window) to go back to the People Solutions Homepage