Employer’s Liability In Monopolistic States
If you run your business in a monopolistic state, you are required to purchase your roofing contractors workers compensation through a state fund. Payments to hurt employees come from this fund. If you are in a monopolistic state, your policy may not include employer’s liability. To protect yourself from the potentially high costs of a law suit, you need to purchase this additional coverage.
Employer’s liability is an important part of your roofing contractors workers compensation policy. Although you may believe a law suit is unlikely, if you are sued, the costs can be very great. If you are faced with paying legal fees, it could be more than your business can handle. Employer’s liability helps you pay attorney fees, court fees, and any damages that the court awards to your employee.
If your injured worker decides to sue a third party instead of you for the liability in an accident, you still could find yourself in a bad situation. The third party may turn around and sue you for liability. For instance, if a manufacturer of equipment that you use in your work is the third party, they may insist upon your liability for failing to adequately maintain a piece of equipment that your worker was using. If your workers compensation for your roofing contractors business includes employer’s liability, you will be covered for the legal costs of being sued by a third party.