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.
It remains crucial for you to have a clear understanding about what your policy can settle for. Well, the coverage can pay for attorneys fees as well as court charges if a worker sues you directly. If the injured employee wins, your coverage would also settle the compensation claims. In short, an employers liability policy can save your company from drowning in case you get sued for negligence.
There are numerous claims that are covered by an employers liability policy. First, you would have adequate protection against third-party over action lawsuits. Normally, workers who want to make workers compensation claims forgo their rights to directly sue their employers. However, nothing stops a worker who is injured by an appliance from filing a claim against the manufacturer of the machine. If this happens and the manufacturer of the said equipment sues you, your policy would have you covered.
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.
You will also be protected against dual capacity claims. In some cases, there will be more than one relationship between an injured worker and the employer. For example, a worker who gets injured because of using the products you produce can sue you as a boss and also as a product manufacturer.
Finally, your policy would also protect you against consequential bodily injury or consequential damage. Such lawsuits are also typically filed by the better halves of injured workers. You can be held liable if a spouse suffers injuries because of the injuries of your employee. For instance, the wife of an injured worker can suffer from high blood pressure because of stress related to the workplace accident that left the husband injured.
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.