Yes, WorkCover insurance is strictly compulsory for virtually all employers operating in Victoria. Any business that pays more than $7,500 in rateable remuneration annually, employs registered apprentices, or operates under specific corporate structures is legally required to hold a valid WorkCover insurance policy. Failure to maintain mandatory coverage can result in severe financial penalties, heavy back-payment assessments, and potential prosecution by WorkSafe Victoria, alongside exposing the business to unprotected civil liabilities if an employee is injured.
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