• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
27-1
Managing Employee Injury Risks: Financing
•
All states require the employer to insure theworkers compensation exposure or to qualify asa self-insurer.
•
Usually, only the largest firms self-insure, andeven in these instances, some form of catastrophe coverage is normally purchased.
•
In addition to the liability imposed on theemployer under the workers compensation laws,injury to employees may be a source of liability instill another way--a suit at common law.
 
27-2
Managing Employee Injury Risks: Financing
•
Although the workers compensation system wasintended as an exclusive remedy for injuredworkers, there are several situations in which anemployer may be sued for injury to an employee.
•
Some form of coverage may be needed to defendthe employer in the event of such suits, and alsoto pay any resulting judgments.
 
27-3
Managing Employee Injury Risks: Financing
•
Workers compensation benefits may be paiddirectly out of the firm's own income or assets(we will call this self-insurance), or throughinsurance.
•
Self-insurance is permitted in all states exceptNorth Dakota, Texas (except for public bodies),Wyoming, Guam, Puerto Rico, and the VirginIslands.
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...