There are strict penalties for operating a business in the ACT without an appropriate level of workers' compensation insurance. As well as on the spot fines, you can also be charged double the premium avoided over the last five years, on top of having to pay the insurance premium you should have.
Workers compensation in the ACT is a privately underwritten and market driven scheme. Insurers apply to WorkSafe ACT to become “Approved Insurers” to offer workers compensation coverage in the ACT.
Current Approved Insurers
There are seven insurers currently approved to provide private sector workers compensation insurance in the ACT. Should you need to initiate a policy you should contact an Approved Insurer directly.
A list [with contact details] for the current Approved Insurers can be found at this link.