Excess Workers' Compensation
LIU offers excess of loss reinsurance protection to employers who choose to self-insure their Workers’ Compensation Liability throughout Australia or the Commonwealth. We have been insuring Workers’ Compensation risks for over a century.
At a glance:
- Cover begins when compensation costs exceed the insured’s retention (set according to business size, jurisdiction and risk profile)
- We pay dollar-for-dollar on the insured’s Workers’ Compensation Liability
- Payments are not indexed once retention is exceeded
- Minimal exclusions for war, terrorism and atomic energy risks
- Clients have access to the Liberty Mutual Research Institute for Safety (devoted to Workplace Health and Safety research for >50 years).