Weekly Indemnity Coverage Clause Samples
The Weekly Indemnity Coverage clause provides income replacement benefits to an insured individual who is unable to work due to illness or injury. Typically, this coverage pays a specified percentage of the insured's weekly earnings for a set period, such as up to 26 weeks, after a short waiting period. Its core function is to offer financial support during temporary disability, helping the insured manage living expenses while recovering and unable to earn a regular income.
Weekly Indemnity Coverage. Effective May 1, 2004, for eligible employees, the weekly benefit will be sixty-six and two- thirds percents (66 2/3%) of the employee’s weekly basic earnings excluding overtime or other premiums to a maximum of $425.00** per week for those actively at work on the date of ratification. (**The $425.00 will increase to $440.00 on April 1, 2005). An insured employee if disabled, subject to adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupational accident, from the fourth day where the absence is due to a bona fide sickness, and from the first day for hospitalization. The benefit will be payable for a maximum of twenty-six weeks.
Weekly Indemnity Coverage. The weekly benefit will be of the employee's weekly earnings that are insurable under the Employment Insurance Act. An insured employee if disabled, subject to the adjudication by the insurer, will be eligible for benefits from the first day of absence due to a accident, from the fourth day where the absence is due to a bona fide sickness and from the first day for hospitalization. The benefit will be payable for a maximum of weeks. Employee Life Insurance Effective September the Company will pay the premium cost for Employee Life Coverage in the amount of Life insurance in the amount of shall be provided for the employee’s spouse.
Weekly Indemnity Coverage. Effective May for eligible employees, the weekly benefit will be sixty-six and two- thirds percents (66 of the employee's weekly basic earnings excluding overtime or other premiums to a maximum of per week for those actively at work on the date of ratification. will increase to on April 2005). An insured employee if disabled, subject to adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupational accident, from the fourth day where the absence is due to a bona fide sickness, and from the first day for hospitalization. The benefit will be payable for a maximum of twenty-six weeks.
Weekly Indemnity Coverage. Effective September 1, 1999 the weekly benefit will be sixty-six and two-thirds percent (66 2/3%) of the employee’s weekly earnings that are insurable under the Employment Insurance Act. An insured employee if disabled, subject to the adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupational accident, from the fourth day where the absence is due to a bona fide sickness, from the first day for hospitalization, and from the first day of out-patient care (with the following restrictions: it is the result of surgery, supported by a bona fide medical opinion for the duration of the absence, and requires a minimum of four hours in the hospital as an out-patient). The benefit will be payable for a maximum of twenty-six weeks.
Weekly Indemnity Coverage. Weekly An amount equal to of your weekly earnings (rounded to the next higher multiple of if not already a multiplethereof), up to a maximum of you be entitled to periodic benefits from certain other sources during a disability, the amount of the benefit payable may be reduced as explained later in the Weekly Indemnity Coverage descriptionpages.
Weekly Indemnity Coverage. Effective September the weekly benefit will be sixty-six and two-thirds percent of the employee’s weekly earnings that are insurable under the Employment Insurance Act. employee if disabled, subject to the adjudication by the insurer, will be eligible from the first day of absence due to a non-occupational accident, from the fourth the absence is due to a bona fide sickness, from the first day for hospitalization, day of out-patient care (with the following restrictions: it is the result of surgery, by a bona fide medical opinion for the duration of the absence, and requires of four hours in the hospital as an out-patient). The benefit will be payable maximum of twenty-six weeks.
Weekly Indemnity Coverage. Effective November the weekly benefit will be sixty-six and two thirds percent (66 of the employee’s weekly basic earnings excluding overtime or other premiums to a maximum of per week for those active and eligible on or after this date. The maximum will increase to on November 2007; a further increase to on November 1,2008; and, a further increase to on November I 2009). An insured employee if disabled, subject to adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupationalaccident, from the fourth day where the absence is due to a bona fide sickness, and from the first day for hospitalization. The benefit will be payable for a maximum of twenty-six weeks.
Weekly Indemnity Coverage. The weekly benefit to eligible employees will be sixty-six and two thirds percent (66 2/3%) of the employee’s weekly earnings that are insurable under the Employment Insurance Act. An insured employee if disabled, subject to adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupational accident, from the fourth day where the absence is due to a bona fide sickness, and from the first day for hospitalization. The benefit will be payable for a maximum of twenty-six weeks.
Weekly Indemnity Coverage. Effective April 1, 2007 the weekly benefit will be sixty-six and two-thirds percent (i.e. 66 2/3%) of the employee’s weekly basic earnings excluding overtime or other premiums to a maximum of $450** per week for those active and eligible on or after this date. (**Note: The $450 maximum will increase to $460 on April 1, 2008; a further increase to $470 on April 1, 2009; and, a further increase to $480 on April 1, 2010.) An insured employee if disabled, subject to the adjudication by the insurer, will be eligible for benefits from the first day of absence due to a non-occupational accident, from the fourth day where the absence is due to a bona fide sickness, from the first day for hospitalization, and from the first day of out-patient care (with the following restrictions: it is the result of surgery, supported by a bona fide medical opinion for the duration of the absence, and requires a minimum of four hours in the hospital as an out-patient). The benefit will be payable for a maximum of twenty-six weeks. The Company will pay the cost of weekly indemnity claim forms. Effective December 1, 2003, the Company will pay the premium cost for Employee Life Coverage in the amount of $31,000 for employees actively at work at the time. The Company will pay the premium cost for the same amount of Accidental Death & Dismemberment coverage. Effective April 1, 2004, the Life and AD&D benefit will increase to $32,000 for employees actively at work at the time. Effective September 1/99, Life Insurance in the amount of $2,000 shall be provided for the employee’s spouse.