Workers’ compensation is a benefits package offered to workers who are injured or made sick as a result of their occupational duties. The law also covers an illness that is deemed to be an “occupational disease”. In New York, all private-sector workers are eligible for workers’ compensation, regardless of whether they are full time, Gregg Marcus, a Long Island Insurance Executive, explains what benefits you may be entitled to in case of injury or illness on the job. Benefits offered to an injured worker in New York are broken into five categories: Cash benefits, Supplemental Benefits, Social Security Benefits, Medical Benefits and Death Benefits:To read this post in it's entirety, click here to visit the Gregg Marcus official website.
1. Cash Benefits
Claimants who are totally or partially disabled and unable to work for more than seven days can receive cash benefits. The amount that a worker receives is based on his/her average weekly wage for the previous year. The following formula is used to calculate benefits:2/3 x average weekly wage x % of disability = weekly benefit
Gregg S. Marcus is a Long Island-based humanitarian, philanthropist and insurance executive. If you are in need of any kind of insurance on Long Island, Gregg can assist you. He handles Property & Casualty Insurance and all business insurance as well as personal policies. In addition to business success in the insurance industry, Gregg Marcus donates his time to many charitable organizations.
Tuesday, November 8, 2011
FAQ: What Benefits am I Entitled to with Workers Compensation?
Here is an excerpt from a new blog post at GreggMarcus.com: