You have insured your life, home, property, vehicle, and whatever you can; but have you thought about work insurance? Your job can also get into danger. Down-sizing by the company, shortage of work, getting fired by the boss, retrenchments, mergers; anything can happen at your workplace.
Smart working people go in for work insurance and prepare themselves for the worst situation when they would have no inflow of income.
• Maternity benefits
• Sickness compassionate care services
• Care of a new-born
• Supporting an ill family member
• Fishing benefits.
This insurance features a simple application process. You have to fill up an application form online and submit it. It requires only a few clicks of the mouse. Work insurance is paid even when you receive money during unemployment.
When you apply as a worker for work insurance, the company will demand a record of your employment. You can get this from your former employer. You can also produce pay stubs, pay slips, and certification.
• Social Insurance Number (SIN): if this number begins with the digit 9, it indicates that you are an immigrant. Therefore, you will need to produce the work permit as well as your immigration documents, along with the application. You will have to show a record of employment that shows a work period of at least 52 weeks.
• If you intend to claim for medical and illness benefits, you will have to produce a medical certificate.
• If you personally visit the work insurance office for application process, you would need to carry your driver's license, birth certificate, or passport. Your bank statements are required as well.
• You need checks or voided checks of your current personal account. This is because your insurer will transfer the payment through wire.
• If applying for parental benefits, you need SIN of the other parent.
• For compassionate care benefit application, you need to submit a medical certificate. Besides, you will have to elaborate the reason for your unemployment. In addition to this, you would have to submit a complete salary statement before deductions, which includes income benefits and commissions and the total payment received along with pension, severance pay, vacation pay, and others.
• If you delay in submitting work insurance application for more than a month, you may have to pay the penalty or face loss of benefits.
• If you put a claim on your insurer and obtain financial help from any other social service before the company pays your claim, you are supposed to reimburse the amount from your work insurance benefit.
• If you cannot apply for work insurance for any unavoidable reason, you can appoint a representative who will apply on your behalf.
• Once you apply for work insurance, you will get a mail featuring the benefit statement along with your first report date and an access code. You will also get instructions from your insurer on how to carry on with your report.
Once you fill in all the required details and file your report, your work insurance benefits will start reaching you 28 days after the filing.
Insurence1.com will not be held responsible for any losses regarding actions taken as a result of the information provided. For professional insurance advice contact an insurance agent.
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