employers' liability insurance

An insurance policy covering an employer's legal liability to pay compensation to any of his employees suffering or contracting injury or disease during the course of their work. This type of insurance is compulsory by law for anyone who employs another person (other than members of their own family) under a contract of service. A certificate of insurance must be displayed at each place of work, confirming that employer's liability insurance is in force and giving details of the policy number and the insurer's name and address. See also public-liability insurance

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • employers' liability insurance — Insurance which protects an employer against liability for the death or injury of an employee occurring within the scope of the employment. 29A Am J Rev ed Ins § 1351. See workmen s compensation insurance …   Ballentine's law dictionary

  • employers’ liability insurance — /ɪmˌplɔɪəz ˌlaɪə bɪlɪti ɪnˌʃυərəns/ noun insurance to cover accidents which may happen at work, and for which the company may be responsible …   Marketing dictionary in english

  • employers’ liability insurance — /ɪmˌplɔɪəz ˌlaɪə bɪlɪti ɪnˌʃυərəns/ noun insurance to cover accidents which may happen at work, and for which the company may be responsible …   Dictionary of banking and finance

  • liability insurance — A form of insurance policy that promises to pay any compensation and court costs the policyholder becomes legally liable to pay because of claims for injury to other people or damage to their property as a result of the policyholder s negligence …   Big dictionary of business and management

  • Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …   Wikipedia

  • employers' liability policy — ➔ insurance policy …   Financial and business terms

  • liability insurance — A policy or contract of insurance whereby the insurer agrees to protect the insured against liability arising from an act or omission of the insured which causes injury to the person or the property of a third person, the liability of the insurer …   Ballentine's law dictionary

  • employers' liability acts — Statutes (e.g., Federal Employer s Liability Act; Workers Compensation Acts) defining or limiting the occasions and the extent to which public and private employers shall be liable in damages (compensation) for injuries to their employees… …   Black's law dictionary

  • public-liability insurance — An insurance policy that pays compensation to a member of the public and court costs in the event of the policyholder being successfully sued for causing death, injury, or damage to property by failing to take reasonable care in his or her… …   Big dictionary of business and management

  • Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… …   Wikipedia

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