| Workers'
Compensation & Employer's Liability |
| Workers'
Compensation: The Workers' Compensation
policy pays compensation and medical benefits to
injured employees regardless of negligence on the
employers' part. The injury or disease must arise
out of, and in the course of the employee's employment.
The payments are determined from a schedule of benefits
contained in the applicable state's Workers' Compensation
law. |
| Employer's
Liability: Employers' Liability
is automatically included in the basic Workers'
Compensation policy. It covers liability for damages
because of employee injury by accident or disease
arising out of, and in the course of their employment
which the insured is legally obligated to pay but
which is not covered by the Workers' Compensation
law. The standard limit of liability is $100,000
per accident/$500,000 per policy/$100,000 per employee
with the option to increase the limit for a nominal
charge. |
| Partners
& Sole Proprietors: Although
Partners and Sole Proprietors are not normally in
the category of employees, they may be covered under
the law by election. They then have the same status
as employees under the policy. Coverage is provided
for Partner or Sole Proprietor by attachment of
the appropriate endorsement to the policy. Please
Contact Us for further
information if you are interested in learning more
about this program. |
| Executive
Officers: Executive officers of
a corporation are the President, Vice President,
Secretary, Treasurer or any other Officer appointed
in accordance with the charter or by-laws of the
corporation. Executive officers of a corporation
are covered under workers' compensation law, they
have the same status as employees under the policy. |
|
Executive officers of a closely held corporation,
defined as less than 22,800 hours of payroll in
the preceding calendar year have a special rule.
They are excluded if their officers own at least
25% of the stock of the corporation. The officer,
along with their spouse, parent or child, if employed
by the corporation, can elect to be covered. |
| |
Other
States Coverage: Other states
coverage is not available in states: |
| |
- Where Milwaukee Insurance is not licensed
to write Workers' Compensation Insurance
- Where Milwaukee Insurance elects not to write
this coverage
- With a monopolistic state fund.
|
|
