Foreign Voluntary Workers Compensation

It is an optional coverage that can be added to a standard workers compensation policy.

Foreign voluntary workers compensation. You want to keep all of your employees. The coverage can be sold as an endorsement or as a separate. Businesses that have employees traveling internationally or workers assigned to work outside their country of hire origin should consider adding fvwc and travel assistance to complement their overall risk management and insurance programs. The coverage is considered voluntary because it is not required by law to purchase.

It protects employers from lawsuits by injured workers. Foreign voluntary workers compensation policy. Workers comp policy to cover a u s. You should consider purchasing an fvwc policy if you employ u s.

As with a regular workers compensation policy fvwc covers a portion of your employee s wages and medical benefits. A foreign voluntary workers compensation policy can in addition to medical benefits and wage continuation cover the additional expense of repatriating a sick or injured employee. In many respects an fvwc policy resembles voluntary compensation coverage except that it applies. You should also consider this coverage if you employ workers in foreign countries.

Fvwc policies are closer to basic than they are comprehensive. Fvwc can be purchased as either an endorsement or a standalone insurance policy. Employee s work outside of the country. Foreign voluntary workers compensation fvwc insurance provides 24 hour coverage worldwide for work related injuries.

What is foreign voluntary workers compensation. It can be considered necessary by employers however especially if they have employees who travel outside of the country. Fvwc coverage is sometimes referred to as employers responsibility coverage. Foreign voluntary workers comp extends a company s u s.

Foreign voluntary workers compensation fvwc coverage needed if the insured employs workers outside the united states or maintains a physical location in another country. In summary foreign voluntary workers compensation provides a broad and unique set of protections. Bringing your employee back home repatriation is also covered. It also includes repatriation expense coverage which are expenses to repatriate an injured or sick employee to their home country along with travel assistance.

These injuries may include illness contraction of diseases or other bodily harm caused by war terrorism or even piracy. It typically covers three categories of workers. Foreign voluntary workers compensation policy.