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What Surani decision means for deductions from IRB entitlements

Wednesday, March 22, 2017 @ 2:04 PM | By André Kleynhans

Many insurers and their expert accountants routinely deduct post-accident business income from the income replacement benefit (IRB) entitlements of self-employed insureds irrespective of their inability to return to work. Others take the position that any efforts, no matter how trivial, short of complete disability, are sufficient to qualify income in the ongoing business as fully deductible.

Is this reasonable, what does the Statutory Accident Benefits Schedule (SABS) provide and what is the jurisprudence on the issue?

Under the SABS, weekly IRBs have always been intended to compensate...