WGA gap insurance Sample Clauses

WGA gap insurance a. With effect from 1 January 2009, the employer is obliged to offer the employee a WGA gap insurance under the Resumption of Work (Partially Disabled Persons) Regulations (WGA) to cover the financial risk of incapacity for work for at least 35% but less than 80%. This insurance entitles the employee to claim a periodic benefit to supplement the WGA follow- up benefit until they reach Dutch state retirement age. The amount of the benefit is equal to 70% of the daily wage under the Sickness Benefits Act, up to the maximum daily wage pursuant to the Sickness Benefits Act, as referred to under 3.8.3, multiplied by the percentage of incapacity for work and less the WGA follow-up benefit. b. The obligation to offer a WGA gap insurance does not apply for employers who bear the risk referred to in 3.8.6 (a) themselves or who decide to assume the risk on the advice of the works council. c. The premium for the WGA gap insurance was paid by the employee until 1 January 2011; from 1 January 2011 the employer and employee must each pay for 50% of the premium evenly. d. If the employer already offered employees a WGA gap insurance on 1 November 2007, the insurance must be amended to comply with the conditions stipulated in 3.8.6(a) and (c) on the occasion of the first contract extension.
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WGA gap insurance a. With effect from 1 January 2009, the employer is obliged to offer the employee a WGA gap insurance under the Resumption of Work (Partially Disabled Persons) Regulations (WGA) to cover the financial risk of incapacity for work for at least 35% but less than 80%. This insurance entitles the employee to claim a periodic benefit to supplement the WGA follow-up benefit until they reach Dutch state retirement age. The amount of the benefit is equal to 70% of the daily wage under the Sickness Benefits Act, up to the maximum daily wage pursuant to the Sickness Benefits Act, multiplied by the percentage of incapacity for work and less the WGA follow-up benefit.
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Related to WGA gap insurance

  • Group Insurance All employees covered by this Agreement shall receive the same group insurance benefits as provided to other County employees in accordance with the County Benefit Program.

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Trauma Insurance All employees will be covered by an Incolink administered lump sum insurance policy providing financial compensation in the event of a major work related (ie. WorkCover) accident resulting in death or permanent total disablement. The full and precise conditions of this cover will be in accordance with the terms of the policy, but in general will provide that, in the event of a workplace accident occurring which results in either the death or total permanent disablement of a worker covered by this Agreement, a lump sum payment as specified below will made. The defined payments are: With dependants $250,000 Without dependants $150,000 This benefit has been agreed to by the company on the grounds that premium costs have been set at $7 per week/worker and will not exceed that amount. In the event of insurance costs rising, it is agreed that the table of defined benefits will be reduced so as to maintain the $7 premium figure. To maintain this cover the company agrees to pay the amounts every week for each employee.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Tail Insurance Buyer shall deliver evidence of its tail insurance coverage required by Section 6.13 hereof.

  • Travel Insurance The Employer shall provide and pay the full cost for travel insurance to cover all members of the bargaining unit for all modes of travel, in the amount of $200,000.00. The travel insurance policy shall also cover employees while on union business.

  • Basic Medical Insurance All regular Employees may choose to be covered by the medical plan for which the British Columbia Medical Plan is the licensed carrier. Benefits and premiums shall be in accordance with the existing policy of the plan. The Employer will pay one hundred percent (100%) of the regular premium.

  • Xxxx Xxxxx Insurance (a) If an Employee is in receipt of an Incolink benefit and suffers a disability for a period of more than 14 days, they shall have access to a benefit under a policy procured by Incolink to reimburse domestic bills which the worker receives and pays during their disablement. (b) This policy will reimburse up to $250 per bill up to a maximum of $5,000 for all bills for any one period of disablement. (c) The Employer will pay a contribution on behalf of each Employee of $1.00 per week per Employee for the life of this Agreement in accordance with the relevant Incolink trust deed and/or Constitution and By-laws.

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Industrial Insurance Coverage The Contractor shall comply with the provisions of Title 51 RCW, Industrial Insurance. If the Contractor fails to provide industrial insurance coverage or fails to pay premiums or penalties on behalf of its employees, as may be required by law, Agency may collect from the Contractor the full amount payable to the Industrial Insurance accident fund. The Agency may deduct the amount owed by the Contractor to the accident fund from the amount payable to the Contractor by the Agency under this contract, and transmit the deducted amount to the Department of Labor and Industries, (L&I) Division of Insurance Services. This provision does not waive any of L&I’s rights to collect from the Contractor.

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