Employer's Liability Insurance
Employer's Liability Insurance
Employer's Liability Insurance is a type of insurance coverage that protects businesses against the financial loss resulting from employee claims for work-related injuries or illnesses not covered by workers' compensation. This insurance is crucial for covering additional legal costs and compensation claims made by employees who believe their employer's negligence caused their injury or illness.
Main Coverages
- Legal Defense Costs: Covers legal expenses incurred in defending against employee claims of work-related injuries or illnesses.
- Compensation Payments: Covers compensation awarded to employees for workplace injuries or illnesses.
- Settlements: Covers the cost of settlements agreed upon outside of court