What is Re-Wage?
It is an Extension to the Employer's Liability Policy that indemnifies the Policyholder in respect of wage payments made during periods of absence caused by accidents at work.
How does Re-Wage work?
The Policyholder undertakes to continue paying wages to an injured employee who has sustained an accident at work that is RIDDOR reportable.
Based on liability investigations, Syndicate 2525 will refund to the Policyholder future payments made from the date of the accident for absences of more than four weeks. Payments to the injured employee are adjusted to an amount which reflect the Policyholders likely liability, that is, the amount that would be recoverable by the claimant, as damages, should a formal claim be pursued.
For longer periods of absence, Syndicate 2525 will provide rehabilitation services to the injured employee at no cost to the Policyholder and in order to promote early return to work.
More Information
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What is Re-Wage? |
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Re-Wage Brochure |
Links
You may find these links relevant to Re-Wage:
Health and Safety Executive - Information about Health and Safety at work.