S1: Workers Compensation

Question 1

Workers Compensation

Answer 1

early adoption of no-fault insurance. Employers responsible for occupational accidents or injuries and regardless who is at fault

Question 2

What did workers have to provide in past to receive indemnification.

Answer 2

Doctrine of Contributory Negligence
Follow Servant Doctrine
Assumption of Risk Doctrine

Question 3

Doctrine of Contributory Negligence

Answer 3

if employee contributed in anyway to accident/injury than no benefit collected from employer

Question 4

Follow Servant Doctrine

Answer 4

employee couldn’t collect anything if accident was result of negligence of fellow workers

Question 5

Assumption of Risk Doctrine

Answer 5

Employer not held liable if it could be proven employee was aware of inherent risks at work

Question 6

Objectives of Workers Compensation (4)

Answer 6

• provide employee with broad coverage for work related injury or disease
• protect against loss of income
• ensure adequate health care rehabilitation services
• encourage safety by lower premium for employers with good claim experience

Question 7

USA and Workers Compensation
1. what is required by law?
2. what if it is not mandatory
3. What do some states exclude from workers comp?

Answer 7

1. required by law to have workers comp through private insurer, self-insurance, state funded workers comp
2. Employers exposed to litigation by their employee in case of injuries/diseases
3. Charity, religious , educational, farm, small firms

Question 8

How to receive indemnification of workers comp? (2)

Answer 8

1. work in covered occupation
2. have injury or disease, as result of course of employment exposure

Question 9

Workers Compensation Benefits (3)

Answer 9

Medical Care
Disability Income
Class Rating

Question 10

Workers Compensation Benefits:
Medical Care amount

Answer 10

unlimited, no dollar limit

Question 11

Workers Compensation Benefits:
Disability Income amount depends on (2)

Answer 11

depends on weekly or annual salary and degree of disability

Question 12

Workers Compensation Benefits:
Disability Degrees (4)

Answer 12

i) temporary but total
ii) permanent and total
iii) temporary and partial
iV) permanent but partial

Question 13

Workers Compensation Benefits:
Class Rating premium

Answer 13

premium is a function of factors etc payroll, industry, organization, collar