United States Longshore And Harbor Workers' Compensation Act Of 1927- LHWCA

AAA

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 TERMS
  1. United States Treasury Money Mutual ...

    An investment fund that pools money from investors to purchase ...
  2. The Jones Act

    Legislation that regulates maritime commerce between U.S. cities. ...
  3. Workers' Compensation

    A state-sponsored system that pays monetary benefits to workers ...
  4. Maritime Law

    A body of laws, conventions and treaties that governs international ...
  5. Builders Risk Hull Insurance

    A protection policy pertaining to when a ship is in the builders' ...
  6. Disability-Income (DI) Insurance

    An insurance product that provides supplementary income in the ...
RELATED FAQS
  1. What protections are in place for a whistleblower?

    Whistleblowers can play a critical role in ensuring the compliance, safety, honesty and legal fairness of governments and ... Read Full Answer >>
  2. Does my employer's matching contribution count towards the maximum I can contribute ...

    Contributions to 401(k) plans come from employee salary deferral and employer match dollars. According to the IRS, employees ... Read Full Answer >>
  3. How does the U.S. Bureau of Labor Statistics calculate the unemployment rate published ...

    The unemployment rate is one of the most closely followed indicators, used by businesses, investors and private citizens ... Read Full Answer >>
  4. What are some of the key shortcomings of how the U.S. unemployment rate is determined ...

    Each month, the Bureau of Labor Statistics (BLS), a division of the U.S. Department of Labor, announces the unemployment ... Read Full Answer >>
  5. How is marginal propensity to save calculated?

    Marginal propensity to save is used in Keynesian macroeconomics to quantify the relationship between changes in income and ... Read Full Answer >>
  6. What should a whistleblower do if their employer retaliates?

    Although specifically prohibited by employment law, employer retaliation against whistleblowers for exposing employers' wrongdoings ... Read Full Answer >>
Related Articles
  1. Home & Auto

    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.
  2. Options & Futures

    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.
  3. Home & Auto

    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.
  4. Options & Futures

    The Disability Insurance Policy: Now In English

    Learn to translate this complicated policy so you can rest assured you're covered.
  5. Taxes

    Are You Paying Too Much in Taxes?

    Overpaying taxes amounts to an interest-free loan to the government. Here are some ways to avoid that scenario.
  6. Insurance

    Tips for Insuring Your Salary

    Those with high incomes really can’t afford to be without disability insurance. Here's why.
  7. Professionals

    How the Advisor Compensation Debate Helps Clients

    The debate over compensating advisors is not likely to be resolved anytime soon, but clients should win with lower fees and better services.
  8. Entrepreneurship

    Get the Best Freelance Rates for Your Work

    Smart strategies for estimating costs, researching fees, pricing projects and getting your rate for a range of clients.
  9. Economics

    What Is The Labor Market Conundrum?

    We are facing a conundrum with investment implications: Why are wages still stagnant, when jobs are being created at the fastest pace since the late 90's?
  10. Investing

    What are Preference Shares?

    Preference shares, also referred to as preferred shares, are equity shares that give the shareholders certain rights ahead of common shareholders. For instance, when the corporation declares ...

You May Also Like

Hot Definitions
  1. OsMA

    An abbreviation for Oscillator - Moving Average. OsMA is used in technical analysis to represent the variance between an ...
  2. Investopedia

    One of the best-known sources of financial information on the internet. Investopedia is a resource for investors, consumers ...
  3. Unfair Claims Practice

    The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims ...
  4. Killer Bees

    An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive strategies to keep an ...
  5. Sin Tax

    A state-sponsored tax that is added to products or services that are seen as vices, such as alcohol, tobacco and gambling. ...
  6. Grandfathered Activities

    Nonbank activities, some of which would normally not be permissible for bank holding companies and foreign banks in the United ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!