Common Accident Provision
Several definitions: 1) In terms of medical insurance policies, this is a common clause, which specifies that: should two or more members of the same family be injured in the same accident, they will only be subject to one deductible. (2) In terms of many voluntary organization accidental death and dismemberment policies, this is a clause that provides that the amount which becomes payable by an insurance company is limited to a designated maximum for a situation where more than one employee is killed or hurt in one accident.
Planning Compensation Incentives That Maximize Workforce Engagement
Download This White PaperPlanning Global Compensation Budgets for 2024 - March Updated
Download This White PaperCompensation News Webinars
Further HR your training with our Distance Learning Center Webinars. These courses will earn you credits for a variety of certifications including, SHRM, HRCI, CCP and more.
About ERI
ERI Economic Research Institute was founded over 30 years ago to provide compensation applications for private and public organizations. ERI Economic Research Institute compiles the most robust salary, cost of living, and executive compensation survey data available, with updated market data for more than 1,100 industry sectors. ERI collects salary survey data from internal surveys, third-party salary surveys, and public sources to calculate geographic salary differentials and assist with compensation planning.
Try Our Software Now
Access a small portion of our data and experience our Assessor Series at your own pace.
Common Compensation Terms and Formulas
- Includes the latest updates: Compensable factors, defined benefit plan, job leveling, lead differential, shift differential and more.
- Salary structure formulas and strategies