Workers Compensation premium payment solution

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"AB Phillips made the quote and approval process simple and easy. I was pre-approved within days, and applied online, with no additional paperwork. Premium funding enabled me to get the WorkSafe 5% early payment discount  - so I saved money and maintained my cash flow! I  am thrilled with the expert advice received from the AB Phillips team."

Warwick Heinrichs, Finance Director
Hunt Engineering & Staff Pty. Ltd

Workers compensation is a compulsory and necessary annual payment which provides compensation for workers who are injured in the course of their employment.

AB Phillips understands that a large annual bill such as workers compensation can have a significant effect on your cash flow and is a large up-front cost to your business.

Whilst discounts are provided for up-front payments, managing your cash flow around this payment can be difficult.

AB Phillips has partnered with Hunter Premium Funding to provide you with a Pay By The Month Solution, so you can take advantage of up-front or early-bird discounts without crippling your cash-flow.

It’s called Premium Funding and it works like this:

  • You provide us with your premium renewal notice.

  • We provide you with the most competitive quote to pay your workers compensation premium up front to the insurer (via Hunter Premium Funding).

  • You repay the loan (plus a small tax-deductible interest charge) in monthly installments over a set term.

It’s simple, sensible, stress-free and can even save you money (as discounts will often outweigh the interest payable).   

Features of our Premium Funding Facility include:

  • Low tax-deductible interest charge (a detailed quote will be provided when you enquire)

  • Flexible repayment terms from 6-12 months

  • No ongoing fees

  • No security required

  • Fast approvals (normally within 24-48 hours)

  • Re-payment options via a monthly direct debit or by credit card

  • Save 5% on your WorkCover Premium if you pay up-front and by a specific date (Victoria businesses only


Contact a Premium Funding expert

Our finance team are ready to assist you with premium funding.

Complete the form below or call us on 1300 242 136 or email us on finance@abphillips.com.au

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