If I run a company, do I need to take out a WorkSafe Injury Insurance?
Directors and employees (including apprentices or trainees) of proprietary limited companies who receive salaries or wages are workers and are covered under WorkSafe Injury Insurance. This includes where the company is a trustee. This means that if you are a director of your own company and receive any payments expensed as salaries or wages, or if you run a company that employs any directors who receive salaries or wages, you must take out WorkSafe Injury Insurance if the company's remuneration (i.e. wages, salaries, director’s fees etc) exceeds $7500.
Examples
Amy is the sole director of AC Pty Ltd. Amy is the only worker of AC Pty Ltd. AC Pty Ltd pays remuneration to Amy of more than $7,500 per annum.
AC Pty Ltd is required to take out WorkSafe Injury Insurance to cover Amy.
