WORKERS COMPENSATION
INSURANCE AND
EMPLOYERS LIABILITY INSURANCE GENERAL INFORMATION / POLICY SUMMARY
The workers compensation insurance policy consists of one section and six
parts, as follows:
GENERAL SECTION
Section indicates that the insurance
policy, the Information Page and all endorsements and schedules in effect on
the inception date represent the contract of insurance between the insured
employer and the insurance company. Defines who the insured is and
explains how the workers compensation insurance and employers liability laws of the
state apply. It also explains the meaning of workplace locations and defines
"State" to mean states of the United States and the District of Columbia.
PART ONE–WORKERS
COMPENSATION INSURANCE
Explains how the workers compensation insurance provided
applies and outlines the payments the workers compensation insurance company is obligated to
make. These include benefits required by law, costs of defense of suits
brought against the insured for benefits paid by the insurance and
additional costs incurred as a result of a claim or legal action. It
explains what happens if other insurance covers the same claim and outlines
the payments the insured must make. It also outlines the procedures in the
event of any recoveries from others and summarizes the statutory provisions
that apply in the event of loss.
PART TWO–EMPLOYERS
LIABILITY INSURANCE
Explains what employers liability
insurance is, how it applies, and outlines the payments for which the
insurance company is responsible. It provides a detailed list of exclusions
and circumstances where coverage does not apply. It outlines the
circumstances under which the insurance company will defend the insured for
suits brought due to damages paid by the insurance and details the
additional costs the insurer pays as part of any legal action it defends. It
explains what happens if other insurance covers the same claim and defines
the meaning of the terms and limits that apply to this coverage. It also
outlines the obligations of the insured in the event of recoveries from
others responsible for a covered loss and summarizes the requirements of
each party before an action can be brought against the insurance company.
PART THREE–OTHER
STATES INSURANCE
How this coverage applies
when one or more states are listed in the space provided for this coverage
on the Information Page. Coverage applies to any state listed on the
Information Page but does not apply to any other state unless the insured
reports the start of any work in that state within 30 days of it beginning.
The insured is required to immediately inform the company of the
commencement of operations in any state listed in this section on the
Information Page.
PART FOUR–YOUR
DUTIES IF INJURY OCCURS
This part outlines the duties and
responsibilities of the insured with respect to both the injured employee
and the company if an injury occurs that may be covered by the
insurance policy.
