BUSM 1100 Lecture Notes - Physical Therapy, Medical Certificate, Critical Illness Insurance
Document Summary
Employment/labour standards legislation requires employees whose employment is terminated by the employer to be provided with termination pay when they leave. Requires to provide advance written notice: pay in lieu of notice. Ask employee to cease working immediately and provide employee with lump sum equal to their pay for notice period: severance pay, pay for mass layoffs. Insurance provided at lower rates for all employees, regardless of health or physical condition. Accidental death and dismemberment provides lump-sum benefit in addition to life insurance benefit when death is accidental. Critical illness insurance lump-sum benefit to employee who is diagnosed with and survives a life-threatening illness. Provide medical coverage to meet medical expenses not covered by govt. health-care plans: ex. Employees must pay deductive expense before plan benefits begin. Plans that provide pay to an employee when he/she is unable to work because of non-work related illness or injury. Medical certificate required if absence beyond two/three days.
