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State Government of Victoria, Australia
Funded Agency Channel

Buyout option to remove initial liability

Usually an employer is responsible for the first 10 days of weekly benefits for an injured worker who is off work and an initial portion of medical and related expenses. However if an organisation chooses the buy-out option by paying an additional loading of 12.5% of their premium, this liability can be removed. This option can help small organisations manage the early stages of a claim.