ACC levies 2002-2003 5/9

ACC Levy Rates2002-2003 Employers' Account

At A Glance:

General

• The account meets the cost of all workplace accidents since 1 July 2000.
• 550 risk rated industry levy classes based on services provided or goods
  produced. Each class has an industry levy rate used to determine the employer's
  payable levy, based on liable earnings.
• Employers have the opportunity to receive a levy discount of between
  10%-20%, in recognition for meeting and maintaining workplace safety standards
  under ACCWorkplace Safety Management Practices.
• Large employers continue to have the option of becoming fully self-managing
  under the ACCPartnership Programme.

History Of Account

• ACC has only had one year's experience with this account since its return to
  ACC.
• Claim numbers for work-related accidents have increased slightly since March
  2001, and there is some evidence of an upward trend.
• The following graphs show the claim frequency and cost of claims for both
  the employers' and self-employed accounts. Levy rates are determined using the
  claims cost per $1million liable earnings. The claim frequency tells us how
  often injuries happen, not how much they cost. The total claims cost takes into
  account both the frequency of accidents AND the severity (ie, the average cost
  per claim).