Chapter 9 Flashcards
What is listed on the declarations page?
Name of the insurance, company and agent or broker
Named insured and address
Policy period
Limits of insurance
Form of business
Business description
Classification
Minimum premium/total premium
Endorsements
Countersignature
Explain workers compensation
Differs in detail among the various jurisdictions
Before Worker’s Compensation employees had to prove negligence in court
Ask apply to most types of employment, which are compulsory -employers to pay assessments
Some employers are excluded, such as farm, domestic servant, casual employees, certain clerical
Medical expenses are paid without limit
Offers rehabilitation programs and return workers to suitable employment
Available to employees, regardless of fault or negligence on the part of the employer
Explain employers liability insurance
Offer to those not eligible under Worker’s Compensation act
Endorsement added to the CGL policy
Separate policy contains basic limits per employee per accident
What are the exclusions under employers liability insurance?
Liability assumed under contract
Bodily injury rising out of ownership, operation maintenance of an aircraft
Any obligation for which the insured may be held liable under Worker’s Compensation law
Bodily injury resulting from ask, or in violation of any law as to age
Bodily injury arising out of structural alterations, such as moving of buildings, new construction or demolition
Explain voluntary compensation for employees endorsement
Paid regardless of legal liability
Pays compensation according in certain schedules, which include weekly indemnity, total/partial disability, and specified times for dismemberment or death
Written as an addition to employers liability coverage, never on its own
Employee has a choice of voluntary compensation benefits, or suing the employer for negligence
Rated on payroll basis
Explain contingent employers liability coverage
Working outside home jurisdiction
Employer assumes certain liabilities under contract
If the board denies coverage to insured worker on the grounds, the injury occurred off the job
