Every employer is required by law to take measures to protect employees in case they are unable to carry out their duties. Even though it may seem like a workers compensation policy is enough, this is not always the case. There are incidences or even health concerns that are not covered under the workers compensation plan. If you need employers liability Oklahoma is a good place to begin the hunt for top rated insurers.
An employers liability insurance policy can protect an employer in various situations. To begin with, your coverage would protect you if you a workplace injury leaves you battling with personal injury claims. If a worker can prove that your negligence caused a specific accident, then he or she could get workers compensation to get medical bills settled and still sue you for further damages.
For example, if an employee falls on the staircases and claims that you have not provided reliable lighting, he or she could sue you for your negligence. Even though the workers compensation policy will settle for hospital bills and lost wages, it is your employers liability coverage that will settle for other additional damages.
It remains crucial for you to have a clear understanding about what your policy can settle for. Well, the coverage can pay for attorneys fees as well as court charges if a worker sues you directly. If the injured employee wins, your coverage would also settle the compensation claims. In short, an employers liability policy can save your company from drowning in case you get sued for negligence.
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.
The coverage can also protect you from liability in case of a loss of consortium claim. This is when the spouse of your injured employee sues you because the work-related accident also brought about familial relationship problems. This often happens when a worker dies or suffers serious injuries.
Your coverage would also protect you in case of a dual capacity lawsuit. This is when the injured employee has more than one relationship with the employer. To illustrate, a worker who is injured by a product manufactured by your company can sue you as an employer and also as a 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.
An employers liability insurance policy can protect an employer in various situations. To begin with, your coverage would protect you if you a workplace injury leaves you battling with personal injury claims. If a worker can prove that your negligence caused a specific accident, then he or she could get workers compensation to get medical bills settled and still sue you for further damages.
For example, if an employee falls on the staircases and claims that you have not provided reliable lighting, he or she could sue you for your negligence. Even though the workers compensation policy will settle for hospital bills and lost wages, it is your employers liability coverage that will settle for other additional damages.
It remains crucial for you to have a clear understanding about what your policy can settle for. Well, the coverage can pay for attorneys fees as well as court charges if a worker sues you directly. If the injured employee wins, your coverage would also settle the compensation claims. In short, an employers liability policy can save your company from drowning in case you get sued for negligence.
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.
The coverage can also protect you from liability in case of a loss of consortium claim. This is when the spouse of your injured employee sues you because the work-related accident also brought about familial relationship problems. This often happens when a worker dies or suffers serious injuries.
Your coverage would also protect you in case of a dual capacity lawsuit. This is when the injured employee has more than one relationship with the employer. To illustrate, a worker who is injured by a product manufactured by your company can sue you as an employer and also as a 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.
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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.
