Employer’s Liability Part B on Policies
Employer’s Liability Insurance is an additional part of Workers Comp Insurance policies. While Workers Comp Insurance is designed to cover your employee’s medical and disability expenses, Employer’s Liability Insurance protects your company against lawsuits due to work-related injuries.
Employer’s Liability Insurance covers work-related injuries not covered under the Worker’s Compensation portion of your policy. This coverage applies to your employees and to you as an employer.
Worker’s Comp Insurance and Employer’s Liability Insurance make up two parts of insurance required by law in most states. Worker’s Comp Insurance is required by regulation in most states when you have W2 employees.
Lawsuits against your company can come from the employee, his or her family members, relatives and third parties. Should an employee claim that his or her injury was caused by your company’s negligence or failure to provide a safe workplace, this insurance will protect your business from liabilities and eliminate the need for litigation. However, under this insurance, your company will not be protected against claims like wrongful dismissal or sexual discrimination.
You as an employer are liable if your employee suffers an injury due to something work-related. Injured employees are guaranteed awards from an employer for medical costs and some percentage of lost wages. This policy is intended to protect your company against any claims from injured employees.
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