Shift Bonus: What is it?
a sum given in addition to an employee's ordinary hourly wage as compensation for working outside of regular business hours
What three sorts of dangers are there?
Risks can generally be divided into three categories: financial risk, non-business risk, and business risk.
What if the main beneficiary passes away?
The other primary beneficiaries or the dead beneficiary's dependents, as appropriate, would each get a portion of the policy profits in the event that one of the primary beneficiaries passes away. Otherwise, contingent recipients will be left holding the bag. Per stirpes or per capita beneficiary designations are both acceptable.
A non-cash benefit is what?
a benefit that an employer gives to a worker in a way other than cash and counts as gross income for federal tax purposes.
When someone dies, who receives the life insurance?
If the insurance company determines that the policy was "written in trust," it will distribute the funds to the designated beneficiary. One who receives the funds is referred to as a beneficiary.
Can you bring a lawsuit against your boss for worry and stress?
Workers are safeguarded by federal and California regulations against excessive stress, dangerous working conditions, harassment, and carelessness. As a result, in some situations, you could sue your employer. If the stressor is work-related, such as an oppressive supervisor or excessive overtime, worker compensation claims may be justified.
Describe a loss claim.
Any loss, liability, action, proceeding, damage, cost, or expense (including all appropriate legal charges and expenses) is referred to as a loss or claim. This includes liability for torts as well as indirect and economic losses. Samples
What benefits are most valued by employees?
Employees would probably have to pay for them on their own if the employer did not offer them. Health insurance - This essential perk, which often includes medical coverage for employees and their families, is of the biggest significance to many job candidates after compensation.
Explain what indirect pay is.
A sort of payment to an employee known as indirect compensation doesn't entail paying them a wage or salary directly. Offering your staff life insurance, health insurance, or employee stipends are examples of indirect pay arrangements (also called fringe benefits).
After death, who receives life insurance proceeds?
This means that if a person passes away intestate, or without making a will, then those who may be legally entitled to inherit the deceased's estate are that person's heirs, such as their spouse, children, and so on1. A life insurance policy's beneficiaries are typically one or more heirs, but they are not need to be.