Employer’s Liability In Monopolistic States
In monopolistic states, business owners are required by law to purchase their workers compensation policies from a state fund. Any payments made to employees come from this fund. If you have your business in one of these states, you need to be sure that you are covered for employer’s liability. It may not be included in a typical policy for your veterinary office workers compensation. If it is not, you may consider purchasing it as additional coverage.
Although it may be tough to believe that one of your employers would sue you, it is a definite possibility. The expense of facing down a law suit can be tremendous and for this reason having coverage for employer’s liability within your veterinary office workers compensation is very important. You could be faced with attorney fees, investigative costs, charges from the court, and damages to your employee if they are successful.
Another instance that is possible with respect to law suits and an accident involving an employee is that you could be sued by a third party. In the event that your employee feels they can prove that someone besides you or your business was liable for their injury, they could sue this third party. The third party may in turn sue you or your office if they think the blame is yours. The legal fees associated with this scenario could be steep. It is important, therefore, to have employer’s liability within your veterinary office workers compensation insurance.