Employer’s Liability In Monopolistic States
In a monopolistic state, your dental lab workers compensation business insurance must be purchased through a state fund. This means that compensation for employees who are injured in your lab come from this fund. If you are in a monopolistic state you may need to add employee’s liability, your coverage in the event that a worker sues you, as an option.
If you are sued by a worker who believes they can prove your liability in an incident that injured or made them ill, you may be facing steep legal fees. The costs of attorneys to defend you and investigators to determine the true liability can add up quickly. Your dental lab’s workers compensation should cover these costs. It will also help to pay damages if your employee sues you successfully.
It is possible that a third party is liable for an incident at work. If your employee uses a piece of laboratory equipment that is faulty and receives an injury as a result, they may choose to sue the manufacturer of that equipment. The manufacturer, or third party, may in turn sue you if they believe you did not maintain the equipment properly. If this scenario occurs in your dental lab, workers compensation assists you with the resulting costs. The employer’s liability portion will pay for legal fees, attorney defense fees, investigative costs, and damages if the court awards them to the third party. It is comforting to have employer’s liability, even if it is difficult for an employee or third party to find you liable. This is because workers compensation is a no-fault insurance type. It is not impossible, however, to be found liable, so the coverage is important.