This cover takes effect when the compensation costs, in relation to any occurrence (which might involve multiple employees), exceeds the self-insurers agreed retention. The self-insurer’s retention can be set at an appropriate level for the self-insurer’s size, jurisdiction and risk profile. 

Unlike some of our competitors, whilst LIU sets a retention that retains its relative value as at the date coverage is extended, LIU does not continue to index the self-insurer’s payments once the retention is breached. At that point, LIU pays dollar for dollar the self-insurer’s workers’ compensation liability.

LIU’s excess workers’ compensation reinsurance is intended to contour to the liability that the self-insurer has assumed as a self-insurer under the relevant workers’ compensation scheme. LIU has very limited exclusions for war, terrorism and atomic energy risks.

The Liberty Mutual Group has been insuring workers’ compensation risks since 1912. Here in Australia, LIU has been providing excess workers’ compensation insurance since 2001 with individual experience in this specialist market stretching back much further.

Our local experience is complemented by access to the Liberty Mutual Research Institute for Safety which has been conducting research into occupational health and safety for over 50 years.