Workers Compensation Insurance or otherwise known as Workcover Insurance is a compulsory insurance for employers in all states and territories with in Australia that provides compensation for an employee(s) in the event of an injury in the course of their employment.

This policy is designed to assist the injured worker to return to work as soon as possible following the injury.

Compensation includes:

* Loss of Earnings
* Medical Expenses
* Rehabilitation

Each state and territory has different workers' compensation requirements.

Private Insurers:
ACT - Australian Capital Territory
TAS - Tasmania
NT - Northern Territory
WA - Western Australia

Agents for Government Funds:
NSW - New South Wales
SA - South Australia
VIC - Victoria

State Government Scheme: 
QLD - Queensland

Premiums are generally calculated based on your industry segment and business activities, number of employees, annual estimated gross wages and claims history.