Is Your Claimant Employed, Self-Employed or Unemployed? It isn’t as easy as you think.
Defining a claimant’s employment status is integral in the calculation and determination of an Income Replacement Benefit (“IRB”). Whether an individual is employed, self-employed, or unemployed at the time of the motor vehicle accident is used to determine the period upon which the insured’s income is calculated as well as the actual income – both […]