Workers Compensation Insurance Same As Liability Insurance Form

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Workers compensation insurance same as liability insurance form. Unlike general liability insurance worker s compensation insurance is a state mandated program that focuses on the needs of the employees when they get injured on the job. Workers comp steps in when your employee breaks an ankle while working and makes a claim for coverage. No worker s compensation and liability insurance are not the same thing. They may however sue if they believe workers comp benefits don t cover their loss.

Both coverages are typically provided within one policy and commonly referred to as workers compensation jointly. Both policies deal with bodily injuries. Commercial insurance liability insurance workers comp employer s liability insurance el provides coverage to the employer for any work related bodily injury or disease aside from the liability that is already imposed on the employers by the worker s compensation law. Please refer to pf m section 280 4 2 workers compensation and employers liability insurance policy coverage analysis for a thorough and detailed analysis of the policy.

Workers compensation and general liability are two distinctly different but necessary small business insurance coverages. 1 2 it was designed to avoid litigation and ensure that employees who are harmed on the job are covered. Workers compensation and employers liability insurance policy form wc 00 00 00 a. General liability protects you when a client breaks an ankle on your property and sues for medical expenses.

Workers compensation and employers liability insurance make up the two components of the same insurance policy in most states. A brief summary of the content of this policy is presented below. Only monopolistic states exclude employers liability from a standard policy. For example if an employee slips and falls you would file a worker s compensation claim to pay for medical expenses and lost wages.

There s an important difference between workers compensation and employer s liability insurance. It has low coverage limits. Unlike employer s liability insurance epli is not included in workers compensation. Here s how general liability and workers compensation insurance are similar.

Check with an insureon agent to see if your workers compensation policy includes the protection you need. Worker s compensation provides limited benefits to employees who are injured on the job. Workers compensation covers statutory obligations that are covered under a state s specific compensation laws. They are both typically purchased together under a company s overall business insurance policy.