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.
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.
Ideally, the workers compensation coverage should help to settle for lost wages and hospital bills. The policy can however not protect you in case you are sued for negligence or an injured employee decides to pursue you for additional damages. This is where your employers liability insurance policy comes in handy.
Knowing what your coverage covers is important. Well, the policy would get court charges as well as attorneys fees settled if you get sued directly by your employee. In the event where you are proven negligent and have to settle a claim, your policy would also protect you from liability. In other words, the employers liability coverage can ensure that your company survives without a hitch even if you are held liable for the personal injury of one of your workers.
Your policy will be able to cover a wide range of claims. To begin with, it could protect you in case of a third-party over action lawsuit. Normally, if a worker wants to benefit from workers compensation, he or she must first give up the right to sue you for personal injuries. Even so, there is nothing stopping an employee injured by a machine from suing the manufacturer of this equipment. In case this happens and the manufacturer in question decides to also sue you, your employer liability policy would come in handy.
Loss of consortium lawsuit would also be covered. These are lawsuits typically filed by the spouse of a worker who suffers a workplace injury. A spouse can sue you because injuries also caused family relationship issues. This type of lawsuit is normally filed when an employee is killed or badly injured at your workplace.
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.
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.
Ideally, the workers compensation coverage should help to settle for lost wages and hospital bills. The policy can however not protect you in case you are sued for negligence or an injured employee decides to pursue you for additional damages. This is where your employers liability insurance policy comes in handy.
Knowing what your coverage covers is important. Well, the policy would get court charges as well as attorneys fees settled if you get sued directly by your employee. In the event where you are proven negligent and have to settle a claim, your policy would also protect you from liability. In other words, the employers liability coverage can ensure that your company survives without a hitch even if you are held liable for the personal injury of one of your workers.
Your policy will be able to cover a wide range of claims. To begin with, it could protect you in case of a third-party over action lawsuit. Normally, if a worker wants to benefit from workers compensation, he or she must first give up the right to sue you for personal injuries. Even so, there is nothing stopping an employee injured by a machine from suing the manufacturer of this equipment. In case this happens and the manufacturer in question decides to also sue you, your employer liability policy would come in handy.
Loss of consortium lawsuit would also be covered. These are lawsuits typically filed by the spouse of a worker who suffers a workplace injury. A spouse can sue you because injuries also caused family relationship issues. This type of lawsuit is normally filed when an employee is killed or badly injured at your workplace.
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.
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