ANU Workers Compensation Losses 2022

Full description

Workers’ compensation provides cash and medical benefits to workers who are injured or become ill in the course of their employment and provides cash benefits to the survivors of workers killed on the job. In workers’ compensation systems, covered workers are entitled to medical care for their covered injuries or illnesses, and disability benefits to partially replace lost wages. In addition, the survivors of a worker who dies as a result of a covered injury or illness are provided benefits. In general, any injury, illness, or death that arises out of a person’s employment is covered. To get a sense of the size of this obligation, the 2020 ANU annual report (page 97) lists the current liability provision for workers’ compensation to be 2.588 million AUD and the non-current liability provision to be 21.638 million AUD. This loss data set ranges from January 2017 to September 2019. A more detailed description of the data and ANU's risk management context is available at Frees and Butt (2022), "ANU insurable risks," Australian National University Open Research Library, https://doi.org/10.25911/0SE7-N746.

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