Trauma Insurance Clause Samples
The Trauma Insurance clause defines the terms under which an insurance policy provides a lump sum payment to the insured upon diagnosis of a specified serious medical condition, such as cancer, heart attack, or stroke. This clause typically outlines the qualifying conditions, the process for making a claim, and any exclusions or waiting periods that may apply. Its core practical function is to offer financial support to policyholders facing significant health crises, helping them manage medical expenses and loss of income during recovery.
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.
Trauma Insurance. The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the Incolink administered lump sum insurance policy as at the date of this agreement. • The particular Trauma Policy to be provided shall be agreed between the Union and the Enterprise. The Incolink administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the Parties for the purpose of this clause.
Trauma Insurance. 25.1 The employer shall participate in a trauma insurance scheme and shall make relevant contributions on behalf of all employees to provide for the payment of trauma benefits to employees.
Trauma Insurance. 14.1 The enterprise shall participate in a trauma policy insurance scheme and shall make relevant contributions on behalf of all employees to provide for the payment of trauma benefits to employees.
14.2 The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the Incolink administered lump sum insurance policy as at the date of this agreement.
14.3 The particular Trauma Policy to be provided shall be agreed between the majority of employees and the enterprise. The Incolink administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the majority of employees and the enterprise for the purpose of this clause.
Trauma Insurance. 14.1 The enterprise shall participate in a trauma policy insurance scheme and shall make relevant contributions on behalf of all employees to provide for the payment of trauma benefits to employees.
14.2 The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the WAGEguard Workplace Trauma and Injury, WorkCover/TAC Top Up and Sickness Insurance administered lump sum insurance policy as at the date of this agreement.
14.3 The particular Trauma Policy to be provided shall be agreed between the majority of employees and the enterprise. The WAGEguard Workplace Trauma and Injury, WorkCover/TAC Top Up and Sickness Insurance administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the majority of employees and the enterprise for the purpose of this clause.
Trauma Insurance. 25.1 The employer shall participate in a trauma policy insurance scheme and shall make relevant contributions on behalf of all employees to provide for the payment of trauma benefits to employees.
25.2 The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the Incolink administered lump sum insurance policy as at the date of this agreement.
25.3 The particular Trauma Policy to be provided shall be agreed between the majority of employees and the employer. The Incolink administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the majority of employees and the employer for the purpose of this clause.
Trauma Insurance. The Employer must insure each Employee for trauma insurance providing financial compensation in the event of a work related accident resulting in death of the Employee or permanent and total disablement.
Trauma Insurance. 8.4.1 The enterprise shall participate in a trauma policy insurance scheme and shall make relevant contributions on behalf of all employees to provide for the payment of trauma insurance benefits to employees.
8.4.2 The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the Incolink administered lump sum insurance policy as at the date of this agreement.
8.4.3 The particular Trauma Policy to be provided shall be agreed between the majority of employees and the enterprise. The Incolink administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the majority of employees and the enterprise for the purpose of this clause.
8.4.4 The provisions of this clause will not result in any ‗double dipping‘ in respect to benefits payable to an employee.
8.4.5 Should there be a substantial increase in the cost of the insurance the parties agree to assess options such as reducing the table of defined benefits to maintain a stable premium figure.
Trauma Insurance. 8.4.1 The Employer shall participate in a Trauma Policy Insurance scheme and shall make relevant contributions on behalf of all Employees to provide for the payment of trauma insurance benefits to Employees.
8.4.2 The benefits required to be provided in the Trauma Policy will be equivalent to or superior to the benefits provided by the Incolink administered lump sum insurance policy as at the date of this agreement.
8.4.3 The particular Trauma Policy to be provided shall be agreed between the majority of Employees and the Employer. The Incolink administered lump sum insurance policy or a similar scheme providing equivalent or superior benefits shall be taken as agreed to by the majority of Employees and the Employer for the purpose of this clause.
8.4.4 The provisions of this clause will not result in any ‘double dipping’ in respect to benefits payable to an Employee.
8.4.5 Should there be a substantial increase in the cost of the insurance the parties agree to assess options such as reducing the table of defined benefits to maintain a stable premium figure.
Trauma Insurance. 33.1 The Employer must insure each employee for trauma insurance providing financial compensation in the event of a work related accident resulting in death of the employee or permanent and total disablement.
33.2 The trauma insurance referred to in clause 33.1 must be a policy with entitlements no less than a lump sum payment of $250,000 in the event of the employee's death or permanent and total disablement.
33.3 If the Employer fails to take out trauma insurance pursuant to this clause 33, the Employer will be liable for all claims arising, under the same terms and conditions as those outlined in this clause 33.