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.
The policy you buy will protect you in different situations. First, it would save you from having to pay a personal injury claim from your wallet, in case an injured worker decides to sue you for negligence. If it can be proven that you indeed overlooked rectifying a specific concern, an employee can sue you for extra damages.
For instance, a worker who trips on the stairwell can claim that you did not provide adequate lighting. The workers compensation policy would foot for medical expenses and lost wages. In the event where you are held at fault and the injured employee pursues payment for additional damages, your employers liability insurance would come in handy.
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.
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 policy would also protect you against consequential bodily injury or consequential damage. Such lawsuits are also typically filed by the better halves of injured workers. You can be held liable if a spouse suffers injuries because of the injuries of your employee. For instance, the wife of an injured worker can suffer from high blood pressure because of stress related to the workplace accident that left the husband injured.
The policy you buy will protect you in different situations. First, it would save you from having to pay a personal injury claim from your wallet, in case an injured worker decides to sue you for negligence. If it can be proven that you indeed overlooked rectifying a specific concern, an employee can sue you for extra damages.
For instance, a worker who trips on the stairwell can claim that you did not provide adequate lighting. The workers compensation policy would foot for medical expenses and lost wages. In the event where you are held at fault and the injured employee pursues payment for additional damages, your employers liability insurance would come in handy.
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.
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 policy would also protect you against consequential bodily injury or consequential damage. Such lawsuits are also typically filed by the better halves of injured workers. You can be held liable if a spouse suffers injuries because of the injuries of your employee. For instance, the wife of an injured worker can suffer from high blood pressure because of stress related to the workplace accident that left the husband injured.
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