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Married man’s death during sex on business trip ruled a ‘workplace accident’

13 points by thomasjudge 7y ago

cabaalis 7y ago
> Any partners and children will receive a monthly benefit of up to 80 percent of his salary until what would have been his retirement age and then a share of his pension. Wow. Good for them, but I don't see how policies like this are tenable for a large population.
- seren 7y ago
  This is a big incentive for companies to reduce workplace accident. IIRC there is also a tax or contribution that is directly linked to the number of accident per employee per year.
- nraynaud 7y ago
  I suspect this is a very good life insurance, not directly the employer who pays. And I suspect the employer was fighting it because his premium would go up.
zaroth 7y ago
> Any partners and children will receive a monthly benefit of up to 80 percent of his salary until what would have been his retirement age and then a share of his pension. The sex part is clickbait, but it sounds like in France, this applies if you die for any reason (possibly excluding suicide?) during the time period you happen to be on the business trip. That's a hell of a benefit for business travel, to basically have a built-in life insurance policy like that. In the US it's common for company issued life insurance to pay double if you die on a business trip. It's common for companies to pay for group term life insurance in the amount of 1 single year of salary, although some companies make a thing out of providing much better coverage. How much would this policy cost to buy on the open market? Well... a $50k policy might cost ~$200/year (depends mostly on age). To insure someone through retirement and pension, that's going to cost more like 15-20x that amount. In that case, as you get older the policy price is probably constant because the rating factor goes up while the total benefit amount goes down. But that would be the cost to cover you for the whole year, not just while you're traveling. So adjust down for the time period not traveling, and then maybe back up because you're more likely to die while traveling? Eh, this is too complex to hand waive a decent answer.

13 points by thomasjudge 7y ago

> Any partners and children will receive a monthly benefit of up to 80 percent of his salary until what would have been his retirement age and then a share of his pension. Wow. Good for them, but I don't see how policies like this are tenable for a large population.

seren 7y ago
This is a big incentive for companies to reduce workplace accident. IIRC there is also a tax or contribution that is directly linked to the number of accident per employee per year.
nraynaud 7y ago
I suspect this is a very good life insurance, not directly the employer who pays. And I suspect the employer was fighting it because his premium would go up.

zaroth 7y ago

> Any partners and children will receive a monthly benefit of up to 80 percent of his salary until what would have been his retirement age and then a share of his pension. The sex part is clickbait, but it sounds like in France, this applies if you die for any reason (possibly excluding suicide?) during the time period you happen to be on the business trip. That's a hell of a benefit for business travel, to basically have a built-in life insurance policy like that. In the US it's common for company issued life insurance to pay double if you die on a business trip. It's common for companies to pay for group term life insurance in the amount of 1 single year of salary, although some companies make a thing out of providing much better coverage. How much would this policy cost to buy on the open market? Well... a $50k policy might cost ~$200/year (depends mostly on age). To insure someone through retirement and pension, that's going to cost more like 15-20x that amount. In that case, as you get older the policy price is probably constant because the rating factor goes up while the total benefit amount goes down. But that would be the cost to cover you for the whole year, not just while you're traveling. So adjust down for the time period not traveling, and then maybe back up because you're more likely to die while traveling? Eh, this is too complex to hand waive a decent answer.