NSW ESL Rate Update
Hollard Commercial Insurance has revised its NSW ESL rate
We have recently reviewed our NSW ESL rates for the Commercial class and the following change will be applied for our Business Package product transacted on SCTP, as well as our Business Package product on our Sunrise platform, Insurelink.
The rate for our Commercial Motor products on SCTP will be unchanged.
The change will apply to all new business and renewals effective 19 April, 2024.
Class | Current | From 19 April 2024 |
Commercial (Fire only) | 28.5% | 30% |
Future Notifications of ESL Rate Changes
As you will be aware Revenue NSW changes the ESL rate from time to time, which means we may have to adjust the amount we collect on your clients' policies throughout the year. Previously, these rate changes have been communicated to you, via email. In future all ESL rate changes will be publicised on our website. The rate will also be displayed on all renewal schedules.
If you have any questions or require further information please contact your Account Manager.
Published 08/03/24