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Workers’ Compensation Insurance Arrangements: Does the model make a difference? Part 1

Workers' Compensation Perspectives

Requiring employers provide financial compensation to workers or their families for work-related injury, illness and death is central to achieving this objective. The market for workers’ compensation insurance is far from a free market place. There is no one “right way” or “best” insurance arrangement.

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What is a contract bond?

Higginbotham

The financial backing for a bond is provided by an insurance company specializing in underwriting contract bonds. In this way, a contract bond works something like insurance. Insurance – Are there hazard, professional and general liability policies with suitable coverages?

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A Look At China’s Workers’ Compensation System

Global People Strategist

So, stay tuned as we dig into the mysteries of eligibility for Workers’ Compensation coverage in China! · Who Is Covered Under the System Chinese employees, from enterprises to law firms , are protected by the Regulation on Work-related Injury Insurance.

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3 Non-Monetary Incentives for Employees

Hppy

Non-monetary incentives are innovative ways to reward your employees outside the standard benefits and financial compensation. Don’t forget to incorporate mental health and wellness into the health insurance packages you offer them as well. However, this isn’t the only way to appreciate your workforce.

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What is employee satisfaction? 8 keys to a satisfied workforce

Achievers

Employee satisfaction is determined by much more than financial compensation, including factors like organizational culture and environment , opportunities for growth, recognition, and relationships with colleagues and superiors.

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Labor Law Developments in Canada

Global People Strategist

Those experiencing online harassment, including employers, may now receive respite for the misconduct they went through, including a permanent ban, additional orders or findings of fact, and financial compensation.

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What is a warranty or maintenance bond?

Higginbotham

The third party is the surety , an insurance company providing the bond. If no defective work or defective materials are found in the finished project during the warranty period, the principal simply pays the premiums until the end of the agreement and the financial backing of the surety bond is never required.