Wrong ANZSIC classification means the wrong premium. Check your setup in about a minute, your effective rate against an indicative industry benchmark, plus the contractor, WHS and claims factors that quietly move it.
Takes ~1 minute · Indicative benchmark · Figures stay in your browser until you choose to share them
Classification
ANZSIC code check
Premium
Yours vs indicative avg
Contractors
Certificates of Currency
WHS & Claims
What lifts your rate
Workers compensation is compulsory for almost every Australian employer, yet the premium you pay hinges on a few details that are surprisingly easy to get wrong — chiefly the ANZSIC industry classification your policy is written against. Misclassify your business and you can quietly overpay (or underpay and expose yourself to a shortfall) year after year, because the same wages are charged at a very different rate depending on the code applied. Layer on the state scheme you fall under, your declared remuneration, your claims history and how you handle contractors, and it becomes genuinely hard for an owner to know whether their premium is fair. This tool gives you a fast, plain-English sanity check on whether your classification and premium look right before you accept the next renewal notice.
You enter your state or territory, industry, total declared wages, current annual premium, employee count, claims in the last three years, and how you handle contractor Certificates of Currency and WHS. The tool works out your effective rate — your premium as a percentage of wages — and compares it against an indicative benchmark rate for your industry, showing the gap in both dollars and percentage terms. Crucially, the benchmark is presented as a directional sanity check only, not a quote: it flags that real rates are set by your specific state scheme (icare in NSW, WorkSafe Victoria, WorkCover Queensland, ReturnToWorkSA and the others) and by your precise ANZSIC code. Alongside the rate comparison it surfaces qualitative findings — unverified contractor cover that can fall back onto your policy, an absent or basic WHS system, a claims history lifting your experience rating, and declared-remuneration components (like super above the guarantee or termination payments) that may not belong in the wage figure at all.
Australian small and medium business owners and managers who want to check, before renewal, whether their workers compensation classification and premium look right.
The short answers are here. For anything else, ask below or get in touch.
Your workers-comp premium is broadly your declared wages multiplied by a rate tied to your industry classification. Get the ANZSIC code wrong — for example, a predominantly office-based business coded as something more hazardous — and you pay the wrong rate on every dollar of payroll. It is the most common and most expensive error, and it compounds each year until it's corrected. The tool shows you the classification it's assuming and prompts you to check it matches what's actually on your policy.
These tools work together to give you a clearer picture of your business.
Use these results to make better decisions. If you'd like a second pair of eyes on them, an advisor can walk through what they mean for the business.
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