Lost Time Claims
Definition - What does Lost Time Claims mean?
A lost time claim occurs when a worker is absent for more than 8 days of work due to some injury, then the compensation that is paid to him under his medical insurance policy.
Safeopedia explains Lost Time Claims
A lost time claim is the compensation (financial, leave, other benefits) that is paid to a worker when he or she remains absent from the work for more than 8 working days. The individual must have a medical insurance policy to claim the lost time, otherwise the claims will not be entertained. In some cases, medical evidence is also required to check the authenticity of the injury.