Independent Insurance Agency in Covington

Bonano Insurance25 Aug, 2023Other

Indemnity benefits, also known as wage replacement benefits, are designed to compensate employees for lost wages due to their work-related injury or illness these benefits come into play when an employee is unable to work for more than seven calendar days. Independent Insurance Agency in Covington the amount of indemnity benefits is typically equal to two-thirds of the employee's average weekly wage, subject to a maximum and minimum benefit amount set by the OWCA the first payment of indemnity benefits is due on the fourteenth day after the employer or insurer becomes aware of the injury or death.