Trusted by Australia and New Zealand’s Compliant Workplaces
Incident + Injury to employee
Manually add Injury into Solv Platform
Capture the Incident in your Safety System
Nominated user is notified
Manage as a Claim in Solv
Manage the Injury in Solv
Ongoing Claim Management (insured + self-insured)
Retire inefficient processes
Achieve Effortless Compliance with our intuitive system that has built-in legislation for each state covering all jurisdictions and self-insurance and Comcare.
Simplified Workflows & Processes
Go paperless and improve efficiencies using our simplified solution complete with system automation, smart workflows, reminders, and pre-populated forms.
Have complete visibility of all injury, claims and self-insurance claims information across all states, and manage them in one central location.
Future Proofed Platform
With innovation at the forefront of our business model, we work with regulators across all states to ensure that all legislative changes get automatically updated in the platform, ensuring future proofed compliance.
All the self-insurance functionality you
need is built in Solv
Generate submission files
Easily generate submission files directly from the system, complete with built-in error check functionality to ensure that potential errors are identified prior to sending to the regulator.
Manage Payments and Estimates
Easily track and manage estimates, payments, and payment approvals. File exports can also be generated for the Accounts Payable team.
Efficiently manage Rehab Treatment Plans and easily record the number of approved sessions and track attendance with our inbuilt functionality. You can then generate your rehab plan, rehab alteration and rehab closure forms.
Seamless Self-Insurance Management
Come across to the Solv side
We are committed to delivering a market leading platform and an easy implementation process. We Solv across all industries, and have extensive experience migrating self-insured businesses across from other platforms. Plus we offer regular training sessions, a comprehensive resources hub, and unlimited ongoing support.
Market Leading Platform
of Self-Insurance Licences
of Comcare Licences
of the ASX 100
Powerful Reporting Solution
Turn your self insurance data into smart decisions.
We have a comprehensive reporting solution embedded into the Solv platform providing valuable insights into your claims by comparing key metrics. Access build-your-own capability, exporting options, scheduling functionality and fast load times. Users will also have access to a suite of standard reports including charts and dashboards commonly used across all businesses.
Frequently asked questions
Solv is an online injury and claims management system that helps businesses efficiently and effectively capture, track and manage all their injury and claims information including self-insurance.
We work with regulators across Australia and get notified of upcoming legislative changes to ensure that our developers can make these updates within the platform at no additional cost to our clients.
We have a comprehensive knowledge base where you can learn at your own pace by accessing “how to” videos, reference guides and functionally updates. We also offer regular webinar training sessions and ongoing end-user support on weekdays during business hours through an in-built support widget.
Solv has extensive experience onboarding large clients with unique requirements and processes across a range of industries including ANZ Bank, Qantas, JB HI FI, McDonalds, BP, Coco-Cola, Toll, Broadspectrum and many more.
The Solv platform is a cloud based online system accessible on a web browser using secure login details.
We offer personalised training when you go live with the system. Once live with the system, users can easily register for regular group webinar training sessions covering different topics for various skill levels.
Self Insurance Management
While a number of businesses would want to be backed by a comprehensive insurance plan, some would rather opt to self insure to save a substantial amount of funds every year. This is completely understandable, as running an Australian-based enterprise can already be quite costly.
However, keeping in mind the ever-changing compliance mandates, rehab plans, plus an overwhelming checklist of return-to-work-safely strategies, it can be challenging to manage self-insurance claims.
The good news is that there’s now an easy way to simplify and streamline the whole tracking process. Here at Solv, we’re more than happy to introduce our advanced and intuitive management system. Whether you’re a small, up-and-coming business or a large, established enterprise, our online tools will surely be able to help you track self insurance workers compensation, generate your submission files, and much more.
Retire inefficient processes when you use our solutions.
What are the different types of self insurance available?
Self-insurance is when a company applies for a license to manage its own losses for compensation claims. To give you a better idea, just about anything related to business risk management can be self insured. This could include general liability insurance, commercial property insurance, and, of course, worker’s compensation insurance.
Regardless of whether you manage both insured or self insured cases, we at Solv know that there’s not a lot of support out there for those managing claims and injury in the workplace. That’s why we’ve set out to become the market-leading platform for self insurance management systems.
Trusted by Australia and New Zealand’s compliant workplaces, we work with regulators across all states to ensure that all legislative changes get automatically updated in the platform. What’s more, our solution operates on cloud hosting, making accessing our platform via the internet easier than ever.
Worried about data privacy? Not a problem. Solv is hosted by Microsoft Azure, with an ISO 27001 accreditation and IRAP certification. We’re dedicated to your security, so we even make it a point to back up your data daily.
Just by using our self insurance management tool, you can have an organised record of employee injuries and claims. You can even have the option to adjust visibility within the team and limit access according to their location and position.
Request a demo today and join us at Solv for seamless integration!
How much does the average self insurance cost in Australia?
When looking into the cost of self insurance for workers compensation, it is important to note that the average figure would depend on the specific operations in your business. For that reason, it is incredibly important that you implement the appropriate Work Health and Safety (WHS) protocols within your physical location or site. This could potentially reduce work-related injuries and claims, ultimately leading to a lower average cost.
However, when you compare this to the average traditional worker’s compensation cost of 1.48% of wages (based on the 2022 analysis), it becomes easy to see why businesses would choose to go with the self insured method. Instead of paying this recurring premium, you can potentially pay less while still giving your employees the same amount of support.
Additionally, if you pair self insurance with the injury management or claims management systems at Solv, you can spend less time on administrative tasks and more time focusing on proactively managing your workers. Switching to this paperless and online approach will even benefit workflow since pre-populated forms or letters can be generated with just a few simple clicks. In line with this, you can even apply your Return to Work (RTW) guidelines to the system so your team can be informed even if they’re not physically present.
All the self insurance functionality you need is built in Solv.
What is the difference between self insurance and fully insured?
Some of the primary differences between being self insured and fully insured are the sign-up processes, monthly or annual costs, and overall coverage.
- Application process. For self-insurance, you must apply for an official business permit that allows you and your management team to handle potential losses, injuries, or claims internally. As for full insurance, you would have to go through a similar application process, but renewals will be based on the company’s contract terms rather than local government requirements.
- Recurring fees. One of the advantages of self-insurance is that you typically won’t have to deal with recurring fees, as you’ll only pay when applicable. On the other hand, full insurance can have different rates with varying payment setups, thus making it difficult to find the best suitable offer.
- General scope. Choosing self-insurance makes it so you’ll have to pay for all possible aspects from savings, business capital, or sources of income. In contrast, full insurance will cover all of the cost or perhaps the majority of it depending on the agreement.
Maybe your organisation has no system in place yet to efficiently manage claims, or maybe you have an existing framework but would like to take advantage of industry-leading solutions to optimise your workflow. Nevertheless, if you choose self-insurance for your business, don’t hesitate to reach out to us at Solv for a comprehensive demo.
We’ll show you the ins and outs of our management tools, especially the comprehensive reporting features that can help you identify gaps and quickly turn data into smart decisions.
Request a demo today.