1. If you've ceased trading
You can cancel your policy if your business has ceased trading, and you can provide evidence.

2. If you've sold your business
You can cancel your policy if you sell your business. The new owner will need to take out a new workers compensation insurance policy to cover employees.

3. If you cease to employ workers
If you cease to employ but there's a claim in the current policy period, you can cancel your policy at the next policy expiry.

4. If you become an exempt employer

5. If you have a current policy and your wages decrease to $7,500 or less, you can cancel the policy at expiry and the premium you pay will depend on the wages you declare, however the minimum premium is $175.

6. If you take out policy and don't employ workers
If you take out a policy, pay part of full premium and subsequently don't pay wages, we can cancel the policy but the minimum premium payable is $175.

Other situations You can contact us to discuss your reasons for wanting to cancel the policy.

1. If you take out a new policy at a lower premium after 4pm on the due date.

2. If a liquidator or administrator is appointed and you continue trading (even if the liquidator or administrator attempts to take out a new policy).