United States Longshore And Harbor Workers' Compensation Act Of 1927- LHWCA
Definition of 'United States Longshore And Harbor Workers' Compensation Act Of 1927- LHWCA'A program administered by a division of the United States Department of Labor that offers financial compensation and medical care to certain maritime workers who are disabled from injuries that occur on U.S. navigable waters and adjoining areas for loading, unloading, repairing or building a vessel. The United States Longshore and Harbor Workers' Compensation Act first enacted in 1927, provides workers' compensation benefits to maritime workers such as dock workers, Outer Continental Shelf workers, and United States contractors who are working on foreign soil, such as U.S. civilian contractors in Iraq and Afghanistan. The Act also provides benefits to dependents in the event the injury causes the employee's death. Also called the Longshore Act or LHWCA. |
|
Investopedia explains 'United States Longshore And Harbor Workers' Compensation Act Of 1927- LHWCA'The Longshore and Harbor Workers' Compensation Act is administered by the Office of Workers' Compensation Programs (OWCP), Employment Standards Administration, U.S. Department of Labor. A maritime worker who is covered by the Longshore and Harbor Workers' Compensation Act is generally entitled to compensation benefits equal to two-thirds of his or her average weekly wage while receiving medical treatment. In addition, the worker may receive a scheduled award for injury to body parts, or two thirds of the worker's lost earning capacity. |
Related Definitions
Articles Of Interest
-
5 Insurance Policies Everyone Should Have
Insurance policies come in a wide variety of shapes and sizes. Shop carefully and the right policies will go a long way towards helping you protect your assets. -
Choosing The Best Disability Insurance
Social Security benefits can be hard to collect. Find out why you need disability insurance to protect your income, and learn how to choose the right policy for you. -
Long-Term Care Insurance: Who Needs It?
No one is immune to the possibility of one day needing long-term care - and the costs can deplete a life savings. -
The Disability Insurance Policy: Now In English
Learn to translate this complicated policy so you can rest assured you're covered. -
The Diner's Guide To Tipping
A look at the standards for tipping service staff in some popular vacation destinations, and the rationale for each custom. -
Broker Commissions Are Here To Stay
With two developed nations adopting a firm anti-commission stance, questions have arisen over whether or not the United States should follow suit. Find out why such a development is unlikely. -
10 Great Summer Jobs For Teens
There are a lot of summer jobs out there, find out what's available, how much it costs and what skills you need. -
Playoff Perks For Pro Athletes
If personal pride, a stellar resume and increased job security aren't enough incentive for some pro athletes, each league has reserved a bit of lunch money to up the ante and help tide athletes ... -
5 ETFs Flaws You Shouldn't Overlook
Despite their popularity, exchange traded funds have some drawbacks that investors should know about. -
5 Common Misconceptions About ETFs
The rise in these funds' popularity has contributed to misinformation about what they are and how they work. Learn more here.
Free Annual Reports