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.
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.
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 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.
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.
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 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.
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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.
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