{"id":7086,"date":"2023-11-29T09:27:38","date_gmt":"2023-11-29T09:27:38","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=7086"},"modified":"2023-11-29T09:27:40","modified_gmt":"2023-11-29T09:27:40","slug":"what-is-employer-liability-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/business-insurance\/what-is-employer-liability-insurance\/","title":{"rendered":"What Is Employer Liability Insurance"},"content":{"rendered":"

We have done extensive research on employer liability insurance, coverage, and limits, which cover situations in which an employee or former employee files a lawsuit seeking compensation for a work-related illness or damage. The purpose of this analysis is to establish if employer liability insurance will provide coverage for the claimed amount and any associated legal fees spent in defending against the lawsuit. Refer to the article below for more details.<\/p>

Employer Liability Insurance <\/span><\/h2>

Employer’s liability insurance protects the insurance company from lawsuits brought by employees doing business-related responsibilities. This coverage applies to work-related accidents or diseases that cause damage, incapacity, or death. Moreso, if the insured is responsible for medical expenses, economic compensation responsibilities, and legal fees, the insurer will compensate up to the predetermined maximum under the Labor Law and labor contract.<\/p>

Functions<\/span><\/h3>

Compensation for losses Also, in the event of a fatality or disability as a result of the events given below, the insurer will assume the financial burden of compensation normally borne by health insurance, subject to the terms and conditions of the insurance contract agreement.<\/p>