Weekly CIP Contribution Rate Effective March 2023
Dear Valued Employer
The Construction Income Protection (CIP) Limited Board in consultation with industry and union organisations have confirmed the weekly CIP contribution rates and worker benefits for the next 3 years.
Please find below a table detailing the CIP future rates and effective dates. While increases are never welcome the Board remains committed to providing certainty in the industry, locking in the below rates for the next 3 years.
STANDARD PROGRAM - Building and Civil Industry
- From March 2023 contribution period - $47.00 per person, per week (inc. gst)
- From March 2024 contribution period - $51.00 per person, per week (inc. gst)
- From March 2025 contribution period - $54.00 per person, per week (inc. gst)
With the recent events of COVID and weather related disasters the general insurance market has seen an increase in premiums across all products. This impact has also been felt on the CIP Program. While the Board is confident that these new contribution rates can be sustained over the period outlined below, these amounts could be varied due to unforeseen changes in the market.
The member benefit for the Standard Program for injuries/illnesses from 1 March 2023 will include Billpayer.
Members on a CIP claim will be able to claim up to $250 per agreed bill to a maximum of $5,000 over the duration of a claim. Bills covered and able to be claimed include:
- Phone (landline or mobile)
- Tuition for Dependants
If you have any queries or questions please do not hesitate to contact the office.
General Manager CIP
Please Note: Construction Income Protection Limited (CIPL) Is the administrator of the Accident and Illness Benefits Program and Portable Sick Leave Scheme. The Insurance policy is arranged by Windsor Management Insurance Brokers and distributed by CIPL. CIPL does not manage or process claims. All claims are managed and processed by Total Claims Solutions, who has been appointed as claims manager of QBE Insurance (Australia) Limited. CIPL does not give any advice in relation to the insurance policy.