The law requires every employer to ensure that workers are well protected in case of accidents that leave them unable to do their job. While it is a fact that a workers compensation policy can fill the gap in case of a work related accident, the coverage is not always enough. There are health issues and incidences that are not covered by a workers compensation plan. If you want employers liability Oklahoma has a decent number of reputable insurers to offer.
So what exactly is an employers liability insurance plan? Well, such coverage can come in handy in a variety of situations. First, it could save you from liability in case you are sued for negligence that caused a workplace injury. Even though workers compensation covers a reasonable percentage of the fee in case an employee is injured, the victim in question can still sue you for additional damages if they can prove that your negligence caused their injuries.
Ideally, the workers compensation coverage should help to settle for lost wages and hospital bills. The policy can however not protect you in case you are sued for negligence or an injured employee decides to pursue you for additional damages. This is where your employers liability insurance policy comes in handy.
Knowing what your coverage covers is important. Well, the policy would get court charges as well as attorneys fees settled if you get sued directly by your employee. In the event where you are proven negligent and have to settle a claim, your policy would also protect you from liability. In other words, the employers liability coverage can ensure that your company survives without a hitch even if you are held liable for the personal injury of one of your workers.
There are different kinds of claims that your policy would cover. The first is a third-party over action lawsuit. If an employee opts to pursue workers comp he or she gives up the right to directly sue the employer. While this may be the case, a third party can always get sued. For example, a worker who is injured by a machine can sue the manufacturer of the equipment in question. The manufacturer would then sue you because of one reason or another.
Your policy also covers loss of consortium claims. This involves lawsuits filed by the spouse of an injured worker. If a specific accident triggered, familial relationship concerns, then the spouse of the injured employee could sue you. This normally happens when a worker gets severely injured or dies at your workplace.
You will also be protected against dual capacity claims. In some cases, there will be more than one relationship between an injured worker and the employer. For example, a worker who gets injured because of using the products you produce can sue you as a boss and also as a product manufacturer.
Finally, your coverage would protect you from being held liable for consequential damage or consequential bodily injury. Such claims are also usually filed by the injured workers spouses. This happens when a spouse suffers bodily injuries because of the workplace injuries of their marriage partners. For example, the spouse of an injured employee can claim to have suffered a stroke because of all the stress allied to nursing the wounds of the injured partner.
So what exactly is an employers liability insurance plan? Well, such coverage can come in handy in a variety of situations. First, it could save you from liability in case you are sued for negligence that caused a workplace injury. Even though workers compensation covers a reasonable percentage of the fee in case an employee is injured, the victim in question can still sue you for additional damages if they can prove that your negligence caused their injuries.
Ideally, the workers compensation coverage should help to settle for lost wages and hospital bills. The policy can however not protect you in case you are sued for negligence or an injured employee decides to pursue you for additional damages. This is where your employers liability insurance policy comes in handy.
Knowing what your coverage covers is important. Well, the policy would get court charges as well as attorneys fees settled if you get sued directly by your employee. In the event where you are proven negligent and have to settle a claim, your policy would also protect you from liability. In other words, the employers liability coverage can ensure that your company survives without a hitch even if you are held liable for the personal injury of one of your workers.
There are different kinds of claims that your policy would cover. The first is a third-party over action lawsuit. If an employee opts to pursue workers comp he or she gives up the right to directly sue the employer. While this may be the case, a third party can always get sued. For example, a worker who is injured by a machine can sue the manufacturer of the equipment in question. The manufacturer would then sue you because of one reason or another.
Your policy also covers loss of consortium claims. This involves lawsuits filed by the spouse of an injured worker. If a specific accident triggered, familial relationship concerns, then the spouse of the injured employee could sue you. This normally happens when a worker gets severely injured or dies at your workplace.
You will also be protected against dual capacity claims. In some cases, there will be more than one relationship between an injured worker and the employer. For example, a worker who gets injured because of using the products you produce can sue you as a boss and also as a product manufacturer.
Finally, your coverage would protect you from being held liable for consequential damage or consequential bodily injury. Such claims are also usually filed by the injured workers spouses. This happens when a spouse suffers bodily injuries because of the workplace injuries of their marriage partners. For example, the spouse of an injured employee can claim to have suffered a stroke because of all the stress allied to nursing the wounds of the injured partner.
About the Author:
You can find a summary of the reasons why you should compare employers liability Oklahoma insurance quotes online at http://www.oaktreeagency.com right now.
No comments:
Post a Comment