Self-Insurance Can Be Simplified

Do you have self-insured policies? We understand the advantages, but we also know the complexities you face.

In particular, we understand the effort it’s taken to get to the point of becoming self-insured. Now let’s make sure you have the right resources, support and tools to manage this effectively in order to maintain your self-insurance licence.

Navigating the landscape

Perhaps your greatest challenge is navigating the variations in laws and guidelines between jurisdictions. With over 29 Acts and Ordinances governing self-insurance across Australia, it’s not an area for the faint-hearted. 

There are over 250 self-insured licences across Australia. Some companies have several licences, one for each state in which they are self-insured, and some companies have a mix of self-insured and schemed licences (insured with insurer). Unlike a single state, with its single entitlement regime and set of regulations, some organisations will be dealing with a variety of multi-state benefit structures, regulations and reporting frameworks.

We have taken all this into consideration when designing our Solv system, and therefore, it can manage your self-insurance effectively, regardless of the states for which you are responsible.  

Plus, we work closely with state regulators, to make sure that all legislative changes are automatically updated in the Solv platform, keeping it always current.

Bring Solv on board

Our clients use the Solv platform to navigate the intricacies of self-insurance, and:

• Ensure regulatory compliance across all areas of workers compensation
• Facilitate the management of treatment plans, and the tracking of approved sessions, and their attendance
• Monitor and manage estimates, payment approvals, and payments
• Enable the easy exporting of all relevant information and its direct distribution to key stakeholders
• Provide a central ‘single source’ which includes an internal documents library and templates for letters that can be easily emailed from, and logged by, the system
• Deliver valuable insights into a client’s self-insurance claims, via the use of key metric comparisons within Solv’s comprehensive reporting tools
• Facilitate the tracking and management of the recovery of injured workers and their return to work

Should they need to, our clients can also use Solv’s online Cloud-based injury and claims management platform to confidently manage both insured and self-insured caseloads, all within the one system, per national and individual state legislation.

Self-insurance can be a formidable beast. We have your back!

Have a chat with one of our self-insurance experts to explore solutions that can simplify your self-insurance management. Either call us on 1800 33 55 83, or email us at hello@solv.com.au