What is the Definition of Employer’s Liability?
Part B of the workers compensation policy that provides coverage for lawsuits filed by injured employees who, under certain circumstances, can sue under common law. (See Exclusive remedy)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Employer’s Liability?
You can find random definition and meaning of insurance terms below:
Meaning of Time Deposit in Insurance Terms
Funds that are held in a savings account for a predetermined period of time at a set interest rate. Banks can refuse to allow withdrawals from these accounts until the period has expired or assess a penalty for early withdrawals.
Meaning of Title Insurance in Insurance Terms
Insurance that indemnifies the owner of real estate in the event that his or her clear ownership of property is challenged by the discovery of faults in the title.
Meaning of Tort in Insurance Terms
A legal term denoting a wrongful act resulting in injury or damage on which a civil court action, or legal proceeding, may be based.
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