Follow

What is Occupational Accident Insurance (OAI)?

Occupational Accident Insurance is designed to offer insurance benefits to Independent Contractors, similar to Workers Compensation for an employee. It covers outlined medical expenses related to accidents that may occur while providing In-Person services. 

 

What IS covered under OAI?

  • Policy covers up to $100,000
  • Medical Expenses
  • Lost Wages
    • Total Disability: $300 Weekly Income Benefit.
      7 Day Waiting Period (non-retroactive).
      104 Week Payment Period.
    • Permanent Total Disability: 12 Month Payment Period.
      $1,000 Monthly Benefit Maximum.
  • Death

 

What is NOT covered?

  • Any work related illnesses

 

Are there any States where OAI is Not covered?

As of June 2018, OAI is not yet available in a few states: AK, CO, FL, ME, MD, UT, WA, and NY. Note that this is subject to change and we will update you as soon as it's made available.

 

Who is responsible for covering the cost of OAI?

Every Independent Contractor is responsible for covering the cost of OAI. The fee is a small amount per hour that is automatically deducted from your pay and is disclosed as a line item when you Apply for any job.

 

How much does OAI cost?

A small charge of $1.05/hour is deducted on all In-Person* Jobs job types.

Breakdown -
OAI fee: $1/hour
ICBA** Fee: $0.05/hour

 

* ICBA and OAI do not apply to "Online" Jobs. Workers who apply and complete an online job will not be charged the $1.05/hour fee.

** Covers Membership of ICBA (Independent Contractor's Benefit Association)

 

How do I add OAI to my job?

By signing up to be an Independent Contractor on the Band Of Hands platform, you will automatically have OAI on every job that you perform. See the Terms of Service for more.

 

Who do I contact if I was injured or had an accident on the job?

If you sustain any injuries while performing a job posted on the Band Of Hands platform, please contact our support team as soon as possible via email or phone.

Support@BandOfHands.com   858.284.3700

 

 

 

 
 
 
 
Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

0 Comments

Please sign in to leave a comment.