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No, they are very different.
General liability covers non-employee visitors to the workplace; consider it slip-and-fall insurance.
Workers compensation coverage is only for workers in the course and scope of employment, even if working away from the shop.
Stated otherwise, you might want to think of general liability insurance as "third-party" coverage; it provides benefits to third-parties who or which may be injured by the negligence of the insured or by those for whom the insured is legally responsible. In that sense, it is similar to other forms of liability insurance. It provides both indemnity benefits (usually, it pays on behalf of the insured those damages for which the insured is legally liable), and it provides a defense, meaning that the insurer is responsible for hiring and paying a lawyer to defend the insured. In return, the insurer gets to direct the defense (determine strategy, decide whether or not to settle, etc.).
In contrast, workers compensation insurance is provided by an employer for the benefit of employees, and is typically required by law (although different states have different rules as to how many employees are required to make workers compensation coverage mandatory). For the most part, workers compensation benefits are the sole remedy of an employee who is injured within the course and scope of his/her job duties. Again, for the most part, workers compensation benefits are payable to the employee without regard to his/her fault for the occurrence. The benefits consist of a percentage of the employee's lost wages and payment of medical expenses. The employee or the worker's compensation insurer usually has the right to control the medical care that is rendered.
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If you collect workers compensation because hurt on job and now are going to recevice social secerty disabiliy do you still get the same amount from workers compensation?
You are eligible for the same amount from workers' compensation, but social security will claim an offset (reduction in benefits) for the amount you receive from the workers' compensation payments.
What is a risk retention group?
Liability insurance companies owned by their policyholders. Membership is limited to people in the same business or activity, which exposes them to similar liability risks. The purpose is to assume and spread liability exposure to group members and to provide an alternative risk financing mechanism for liability. These entities are formed under the Liability Risk Retention Act of 1986. Under law, risk retention groups are precluded from writing certain coverages, most notably property lines and workers' compensation. They predominately write medical malpractice, general liability, professional liability, products liability and excess liability coverages. They can be formed as a mutual or stock company, or a reciprocal.
Is Primary and non contributory the same as general liability additional insured endorsement?
NO
Is tenant's legal liability coverage the same as Commercial general liability insurance?
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work with your broker to understand what insurance coverages your company needs and why.
Is Illinois workman's comp taxable?
Hi~It is my understanding that no Workman's Compensation "benefit" is taxable - regardless of what state.Amounts you receive as workers' compensation for an occupational sickness or injury are fully exempt from tax if they are paid under a workers' compensation act or a statute in the nature of a workers' compensation act. The exemption also applies to your survivors.If part of your workers' compensation reduces your Social Security or equivalent railroad retirement benefits received, that part is considered Social Security benefits and maybe taxable.If you return to work after qualifying for workers' compensation, payments you continue to receive while assigned to light duties are taxable.The above relates to federal income taxes. Generally, states follow the same rule, but you should check with your state's department of revenue for additional information.
Did commercial general liability insurance replace comprehensive general liability insurance?
There is no such thing as a "comprehensive" general liability policy. It is "commercial" to differentiate it from personal-lines coverage. It is commercial general liability policy, or CGL; a generally standard group of coverages, exclusions, limits. This is different than a manafest policy where commercial coverages are added in a customized fashion. A comprehensive policy would be one where a business owner (BOP) might purchase with a pre-set group of coverages, exclusions, and limits. Thanks Actually, the term "Comprehensive General Liability" was replaced in 1986 with the term "Commercial General Liability." They are essentially the same policies.
If you are sick during pregnancy are you entitled to the same compensation?
Same compensation as what?
Is general liability insurance and bonding same thing?
No, they are very different things. in fact, they couldn't be more different
What is the difference between Comprehensive General Liability insurance and Public and Products Liability insurance?
The correct term is COMMERCIAL GENERAL LIABILITY. The term Comprehensive General Liability is a old term that was at one time used as well as Public and Products Liability. These terms are often used to mean the same ideal. Over the years the legal profession will contunuie to use them in a written contract. However it should be corrected to the correct term so all parties ar not confused. Often you may see the term expressed as COMMERCIAL GENERAL LIABILITY including products and completed operations.
What is the advantage or disadvantage to having workman's comp insurance separate from your general liability insurance?
They cover different contingencies, so it is not really a question of "advantage" or "disadvantage". Furthermore, they are written on different "forms" (contracts), although the same commercial insurance agent may be able to place both coverages, sometimes with the same insurer. If so, there may be some sort of "package policy" available so that the insurer allows a discount in premium if the "package" is purchased. Workers compensation insurance is often required by State law for employers having a given number of employees. It is intended to ensure that medical expenses and a percentage of lost wages sustained by the employee are paid if an injury occurs within the "course and scope" of employment. Whether an injury occurred within the course and scope of employment is often in dispute when a claim is made and may be raised as a defense by the employer (or, more accurately, the workers compensation insurer of the employer). General liability coverage is different. It may not be required by law, but may be required by the contract between the provider of services and the recipient of services. An example might be a general contractor and a company that wishes a new roof on its building. Like other insurance, general liability coverage transfers the risk of loss from the insured to the insurer in return for the payment of a premium. This benefits the contractor by limiting its financial risk for money damages arising from a mishap covered by the policy. It benefits the injured party by ensuring that is a stable source of funding for compensation for the damages.
What happens if you have to leave your job cause of family health problems?
You may or may not get a Workers Compensation. You get paid the same ammount of money, you just don't work.
Are contractor's liability insurance policies only written if the policy holder also gets workmans' comp insurance?
Contractor Liability InsuranceNo, You can purchase Contractors Liability Insurance as a standalone coverage. Many companies offer Contractors Liability coverage with or without your workman's compensation coverage. Depending on the nature of your business structure, you may not even need Workers comp coverage.It is perfectly fine for you to purchase the two coverages separately. You may however get a better rate if purchased together because some companies will offer you a discount for placing multiple policies with the same company.
