Work Cover Renewals – Conserve your cash – Pay by the month

By Richard Banks    July 9, 2019

Thank you for spending approximately one minute with me, read on.

Although I’m in the insurance industry, there’s more to my dealings with clients than just insurance, all sorts of things happen that should be shared.

So this is a bad news, good news story.

BAD NEWS first…

If you’re a Queensland employer and haven’t yet received your Work Cover renewal declaration, trust me it’s on it’s way—bad news, I thought so.

Let’s not dwell on the bad, so here’s the good news.

You’d be aware that If you get the wages declaration lodged, premium invoices and paid in full by mid September 2019 you qualify for a 5% discount.

Good job, how’s the cashflow looking now though, so here’s food for thought.

✓ Pay the premium via a monthly instalment plan

WorkCover do offer this solution, but you forfeit the 5% discount for the pleasure.

So this is where I might fit in.

We can arrange funding over 10 instalments for a flat rate of 2.25% and that’s calculated on the discounted premium (5% off)


• ASAP after 30 June 2019, lodge your wages declaration
• ASAP after receiving your renewal advice, email to me, I will issue a Funding Contract for your consideration
• ASAP return the Funding Contract for processing to ensure the settlement to WorkCover can occur by mid September 2019

Terms & Conditions do apply, please contact RICHARD BANKS

General Advice Warning

The information provided is to be regarded as general advice. Whilst we may have collected risk information, your personal objectives, needs or financial situations were not taken into account when preparing this information. We recommend that you consider the suitability of this general advice, in respect of your objectives, financial situation and needs before acting on it. You should obtain and consider the relevant product disclosure statement before making any decision to purchase this financial product.

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