General insurance Second injury funds and insurance companies

Phabbyfundz

Active member
Second injury funds were created to encourage businesses to hire workers who are physically handicapped by congenital defects or the residual effect of an accident or illness but due to other laws that now protect the physically handicapped worker , such the Americans With Disability Acts, some states are disbanding their fund.
Second injury funds receives money from insurance companies ,as well as employers and from legislative appropriation. Insurance company payment may be based on percentage of total compensation paid , premiums collected or the nature and state of the specific injury.
The second injury funds may be administered by the states workers compensation commission, industrial board or department of labour. It is the entitlement of every state worker to receive this second injury fund.
 

Wisdom01

Valued Contributor
The only problem is if they can contribute effectively to the organization , because of their conditions and they should be treated properly and not be over worked so their conditions would not worsened ,, but what if the company dosent want the disabled person again would the funds be cancelled or how would it be solved
 

btaliat

VIP Contributor
This is a welcome development that will make the people with deformities to see themselves as part of the working class of a society. It is even a nice thing that the premium on such an insurance policy will not be directly on the disabled but the government of the state.
 

Chibson

VIP Contributor
Such insurance companies will definitely help people with deformities and give them a whole lot of coverage in the working environment. In developed countries such insurance premiums are common.
Like someone have stated, it will make them feel cared for and whole lot. The government usually have a very big role to play in such insurance premiums.
 

Mandy96

Valued Contributor
Well I have never really knew about this because this make it look like the insurance business is very wide to the extent that you would not know about some of the important aspects if one should not make the necessary research, which may cause a very huge mistake if care is not taken
 

sincerem

VIP Contributor
I think this kind of relieve insurance stimulus package centres to the civil servants which the government of their respective states uses to help them out when they are facing financial crisis that needs immediate needs. It can also also serve as loan to the government, which can be used for settling issues and other demanding bills at hand.
 
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