Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

What portion of their average weekly wage can most employees receive in lost wages from Workers' Compensation insurance?

1. 1/4

2. 1/3

3. 1/2

4. 2/3

The correct answer is: 2/3

Most employees can receive a specific portion of their average weekly wage in lost wages from Workers' Compensation insurance, and this is typically set at two-thirds, or 66.67%, of their average weekly wage. This calculation is designed to provide financial support to injured workers while they are unable to work due to job-related injuries or illnesses. The rationale behind this percentage is to help alleviate the financial burden faced by employees during their recovery period, ensuring they can meet essential living expenses without receiving full wages, which is seen as a fair balance in the context of insurance benefits. This standard rate helps maintain consistency across various cases and ensures that employees can receive adequate financial assistance while still encouraging a safe working environment. It is important to note that this rate may vary depending on individual state laws and the specific circumstances surrounding the claim, but the common practice adheres to this two-thirds guideline.