Insurable Earnings refers to the portion of an individual's income that can be used as a basis for calculating the amount of benefits they are entitled to receive under an insurance plan or government program.

In terms of employment insurance, insurable earnings are typically determined by the individual's employment income subject to insurance premiums, excluding certain deductions and allowances.

Insurable Earnings can also be relevant when considering coverage for disability insurance or workers' compensation, where the benefits provided are based on a percentage of the individual's insurable earnings.

1. John's insurable earnings for the past year were calculated at $40,000, making him eligible for higher employment insurance benefits.

2. Please ensure that you accurately report your insurable earnings to determine the appropriate amount of disability coverage you require.

3. The workers' compensation benefits are calculated at 80% of your average insurable earnings over the last five years.

Find books about insurance and benefits on Amazon.