Common use of Income Protection Insurance Clause in Contracts

Income Protection Insurance. (1) The Company will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their Employees’ gross earnings to Wage Guard for an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the Company’s insurance premium. (2) The Income Protection Policy implemented by the Company shall seek to provide the following, subject to premium cost: (a) cover for 100% of an Employee’s average earnings up to a maximum of $2,000.00 (whichever is less) for 104 weeks applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s policy); (b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness; (c) cover for casual Employees with greater than one week’s continuous employment under the Agreement; (d) a requirement that claimant Employees undertake reasonable rehabilitation programmes as directed by the Company and/or the insurer; (e) all Employees making a claim for a period of absence will be reviewed immediately and thereafter on a regular basis as requested by the Company’s nominated medical examiner; (f) In the event that the claims experience necessitates, in the view of the Company, a review of the insurance policy under this enhanced benefit, discussions will be held with Parties to this Agreement, any adjustments that are determined necessary by the Company shall be made to the policy entitlements and not the maximum premium set out above; (g) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and (h) An Employee may request, and be provided, a copy of the relevant policy within 7 days. (3) Where an Employee is in receipt of income protection insurance payments, they shall not be entitled to any other payments under this Agreement.

Income Protection Insurance. (1) The Company Employer will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their Employeesemployees’ gross earnings to Wage Guard for an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the CompanyEmployer’s insurance premium. (2) . The Income Protection Policy implemented by the Company Employer shall seek to provide the following, subject to premium cost: (a) cover for 100% of an Employeeemployee’s average earnings up to a maximum of $2,000.00 (whichever 1,800.00 which ever is less) less for 104 weeks applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s Employers policy); (b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness; (c) cover for casual Employees employees with greater than one week’s continuous employment under the Agreement; (d) a requirement that claimant Employees employees undertake reasonable rehabilitation programmes as directed by the Company Employer and/or the insurer; (e) all Employees employees making a claim for a period of absence will be reviewed immediately and thereafter on a regular basis as requested by the Company’s Employer nominated medical examiner; (f) In the event that the claims experience necessitates, in the view of the Company, a review of the insurance policy under this enhanced benefit, discussions will be held with Parties to this Agreement, any adjustments that are determined necessary by the Company shall be made to the policy entitlements and not the maximum premium set out above; (g) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and (h) An Employee employee may request, and be provided, a copy of the relevant policy within 7 days. (3) Where an Employee is in receipt of income protection insurance payments, they shall not be entitled to any other payments under this Agreement.

Income Protection Insurance. (1) The Company Employer will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their Employeesemployees’ gross earnings to Wage Guard for an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the CompanyEmployer’s insurance premium. (2) . The Income Protection Policy implemented by the Company Employer shall seek to provide the following, subject to premium cost: (a) cover for 100% of an Employeeemployee’s average earnings up to a maximum of $2,000.00 (whichever 1,800.00 which ever is less) less for 104 weeks applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s Employers policy); (b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness; (c) cover for casual Employees employees with greater than one week’s continuous employment under the Agreement; (d) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and (e) a requirement that claimant Employees employees undertake reasonable rehabilitation programmes as directed by the Company Employer and/or the insurer; (ef) all Employees employees making a claim for a period of absence will be reviewed immediately and thereafter on a regular basis as requested by the Company’s Employer nominated medical examiner;. (fg) In the event that the claims experience necessitates, in the view of the Company, a review of the insurance policy under this enhanced benefit, discussions will be held with Parties to this Agreement, any adjustments that are determined necessary by the Company shall be made to the policy entitlements and not the maximum premium set out above; (g) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and (h) An Employee employee may request, and be provided, a copy of the relevant policy within 7 days. (3) Where an Employee is in receipt of income protection insurance payments, they shall not be entitled to any other payments under this Agreement.

Income Protection Insurance. (1) The Company Employer will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their Employeesemployees’ gross earnings to Wage Guard for an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the CompanyEmployer’s insurance premium. (2) . The Income Protection Policy implemented by the Company Employer shall seek to provide the following, subject to premium cost: (a) cover for 100% of an Employeeemployee’s average earnings up to a maximum of $2,000.00 (whichever 1,800.00 which ever is less) less for 104 weeks applying to personal injury or sickness (other than illnesses or injuries not normally covered by the CompanyEmployer’s policy); (b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness; (c) cover for casual Employees employees with greater than one week’s continuous employment under the Agreement; (d) a requirement that claimant Employees employees undertake reasonable rehabilitation programmes as directed by the Company Employer and/or the insurer; (e) all Employees employees making a claim for a period of absence will be reviewed immediately and thereafter on a regular basis as requested by the Company’s Employer nominated medical examiner; (f) In the event that the claims experience necessitates, in the view of the Company, a review of the insurance policy under this enhanced benefit, discussions will be held with Parties to this Agreement, any adjustments that are determined necessary by the Company shall be made to the policy entitlements and not the maximum premium set out above; (g) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and (h) An Employee employee may request, and be provided, a copy of the relevant policy within 7 days. (3) Where an Employee is in receipt of income protection insurance payments, they shall not be entitled to any other payments under this Agreement.