CSIMarket


Terms Beginning with S
                       
                       
 S&P 500 Index   Securitization   Service Fees  
 S&P GSCI Commodity Index   Securitization Income   Services  
 S-Curve Method   Seed Capital   Servicing Carrier  
 Sales per Employee   Segment   Severity Rate  
 Salt   Seismic   Shaft  
 Salvage   Seismic Zone   Shares Outstanding, Outstanding Shares  
 Sampling   Self Insured Retentions   Shelf Registration Statement  
 Scrap Iron and Steel   Semiconductors   Shipments Manufacturing  
 Second Injury Fund   Sensitivity   Short Selling  
 Second-line   Seq. Sequential QQ MM   Short Ton  
                 
                  next arrow
 
 
       
       
 

Second Injury Fund

Insurance Term


The Second Injury Fund is a government program established to provide compensation to workers who have a pre-existing disability or impairment that is aggravated by a subsequent workplace injury. The program is designed to encourage employers to hire workers with disabilities by providing a mechanism for sharing the cost of compensating an employee who sustains a workplace injury that aggravates an existing disability.

In the insurance industry, the Second Injury Fund is often used as a mechanism for allocating the costs of workers' compensation claims. The fund is typically financed through assessments on insurance companies and employers, and is administered by state government agencies. When an employee with a pre-existing disability is injured on the job, the Second Injury Fund may be called upon to pay a portion of the compensation owed to the worker.

The Second Injury Fund is intended to promote the hiring of individuals with disabilities by reducing the financial risk of doing so for employers. However, the program has been subject to abuse in some cases, with employees falsely claiming pre-existing disabilities in order to obtain compensation from the fund. Additionally, some states have scaled back their Second Injury Fund programs in recent years due to concerns over rising costs.


   
     

Second Injury Fund

Insurance Term


The Second Injury Fund is a government program established to provide compensation to workers who have a pre-existing disability or impairment that is aggravated by a subsequent workplace injury. The program is designed to encourage employers to hire workers with disabilities by providing a mechanism for sharing the cost of compensating an employee who sustains a workplace injury that aggravates an existing disability.

In the insurance industry, the Second Injury Fund is often used as a mechanism for allocating the costs of workers' compensation claims. The fund is typically financed through assessments on insurance companies and employers, and is administered by state government agencies. When an employee with a pre-existing disability is injured on the job, the Second Injury Fund may be called upon to pay a portion of the compensation owed to the worker.

The Second Injury Fund is intended to promote the hiring of individuals with disabilities by reducing the financial risk of doing so for employers. However, the program has been subject to abuse in some cases, with employees falsely claiming pre-existing disabilities in order to obtain compensation from the fund. Additionally, some states have scaled back their Second Injury Fund programs in recent years due to concerns over rising costs.


Related Insurance Terms


Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com