Here is what you need to know about Income Replacement Benefits (IRB's): • IRB's are calculated at 70 % of your average gross income based on your employment
history o Your income is calculated as the higher of either (i) the 52 weeks before the
accident OR (ii) the 4 weeks before the
accident multiplied by 13 o Self - employed income is calculated as the higher of either (i) the 52 weeks before the
accident OR (ii) the last fiscal year o If you are receiving other income replacement assistance, such as short term or long term disability benefits, those amounts are deductable from the amount of your IRB eligibility • IRB's are capped at $ 400 per week • The first 7 days of your disability are not covered by IRB's • IRB's are payable for a 104 week (2 year) period, but you may be eligible to continue receiving this benefit past the 2 years indefinitely, if after the 2 year mark you are unable to do any occupation for which you are reasonably suited by way of your education, training and experience • The age 65 marks changes in IRB's o If you are already over the age of 65, IRB's are payable up to 208 weeks and gradually reduced over that period o If you reach the age 65 while already receiving benefits, the IRB is converted to a lifetime pension at a reduced rate based on an
established formula
Similar to the driving
history report above, this WA three year driving record contains information on
accidents and violations from the last three years and is typically used to
establish or renew insurance policies for commercial vehicles.