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Customer Number: ___CANCELLATION OF OPTIONAL COVERAGE Yukon Workers Compensation Health and Safety Board (WCHS) Policy EA04 requires an individual to notify WCHS in writing in order to cancel optional
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01
Review your business needs and assess if optional coverage for workers is necessary.
02
Contact your insurance provider to inquire about adding optional coverage for workers to your policy.
03
Fill out the necessary paperwork and provide any required documentation.
04
Review the terms and conditions of the optional coverage for workers to ensure it meets your needs.
05
Pay any additional premium required for the optional coverage for workers.

Who needs optional coverage - workers?

01
Business owners who want to provide additional protection for their workers.
02
Companies in high-risk industries where workers are more susceptible to accidents or injuries.
03
Employers who want to attract and retain top talent by offering comprehensive benefits packages.
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Optional coverage for workers refers to additional insurance coverage that employers can choose to provide to their employees beyond the required coverage. This can include benefits such as disability insurance, life insurance, or additional medical coverage.
Employers who decide to offer optional coverage to their workers are required to file the necessary paperwork with the insurance provider and ensure that employees are properly enrolled in the optional coverage program.
Employers can typically fill out the necessary paperwork for optional coverage for workers either online through the insurance provider's portal or by submitting paper forms directly to the provider. It is important to accurately provide all the required information for each employee eligible for optional coverage.
The purpose of optional coverage for workers is to provide employees with additional benefits and coverage beyond the basic requirements mandated by law. This can help attract and retain top talent, as well as provide a sense of security for employees and their families.
Employers must report information such as employee names, social security numbers, coverage options selected, coverage amounts, and any beneficiary information for each employee enrolled in optional coverage. This information is crucial for the insurance provider to properly administer the optional coverage benefits.
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