What is critical illness insurance?
Critical illness insurance is an insurance product where the insurer is contracted to pay money (lump sum or structured) if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. These are ‘peace of mind’ contracts. The contract or policy will set out several definitions and terms. Contractual definitions and terms are almost always open to interpretation. Most of these denials involve disputes over definitions of when a diagnosis of a critical illness is considered valid, allegations of misrepresentation, non-payment of premiums, and exclusion...
read moreDiscount Rates and Present Day Values.
Discount rates are used to calculate the present day value of a loss of future income or cost of future care that is awarded as a lump sum in personal injury cases. The discount rate assumes that the lump sum will be invested and will earn enough income to create a sufficient stream of compensation for the injured party over the appropriate time frame, with the fund being fully exhausted at the end. This is one methodology of calculating and compensating future financial loss endorsed by the so-called 1978 “Trilogy” of catastrophic injury cases decided by the Supreme Court of...
read moreProtecting yourself emotionally after an MVA.
Motor vehicle accidents can be traumatic events, often leading to a wide range of emotions. The impact felt can range from minor to severe depending on the nature of the accident, the injuries, and the individual’s personal strength and resilience. An accident will most likely lead to emotional or psychological trauma if it happened unexpectedly, you were unprepared for it, and you felt powerless to prevent it. The emotions felt can range from anger and anxiety to depression if you were not the ticketed party and guilt if you were the ticketed party. The emotional toll in an injury can be...
read moreHow to choose an injury or disability lawyer.
If you have been injured or are suffering from a disability, you may be wondering whether you need to speak to a lawyer about your needs and entitlement. A good rule of thumb is to trust your instincts. If you think you need to speak to a lawyer, you probably do. The next question is how to choose the right lawyer. Choosing the right lawyer for a specific type of injury or disability claim is an important decision. The lawyer who assisted you with your house purchase is likely not the best lawyer to take on your injury or disability claim. An injury or disability claim requires specific...
read moreWhen resigning may actually be wrongful dismissal.
A constructive dismissal occurs when an employer substantially changes the terms of an employee’s contract of employment which the employee does not consent to, either explicitly or implicitly. In this situation, the employee may be able to treat the employment contract as being at an end, which entitles the employee to notice from the employer as if the employee had been terminated. Employer Actions that Constitute Constructive Dismissal For a constructive dismissal to occur, the employer must act in a way that changes the fundamental terms of the employment relationship are changed. Such...
read moreReasonable notice for the senior short term employee.
If you are a senior employee who has been fired after only a brief period of employment, there is a good chance you will end up with more severance than you expected – unless of course you are subject to an air-tight termination clause in your contract. Whether, as some have suggested, you may be entitled to 6 months pay is an open question. In his leading text on wrongful dismissal law in Canada, David Harris considers a number of court decisions involving the dismissal of senior level, short term employees and concludes: Accordingly, it appears, barring any unusual circumstances,...
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