Employers Liability Insurance
Definition
- Insurance used by businesses to cover liability from injuries employees may suffer from a workplace accident. Employers liability insurance is underwritten separately from workers' compensation insurance.
Synonyms
commercial liability insurance coverage, business insurance package policy, general liability insurance, business liability insurance
Acronyms
ELI
Related Terms and Acronyms
- Casualty Insurance — Definition,
- Insurance that covers losses and liability from injuries to others and/or damage to the property of others.
- Employment Equity Act (EEA) — Acronym, Canada,
- A federal statute that requires employers with 100 or more employees to eliminate any practices in the workplace discriminating against four designated groups of people who have historically been disadvantaged in the labour market: women; people who, by reason of race or colour, are members of visible minority groups; aboriginal peoples; and persons with disabilities.
- Employment Insurance (EI) — Acronym, Canada,
- A Service Canada program where premiums are paid by taxpayers and benefits are provided for the unemployed.
➥ Formerly known as Unemployment Insurance (UI). - General Liability Insurance — Definition,
- Insurance that protects individuals and businesses from a number of potential liabilities.
- Liability — Definition,
- A situation where one party is found to be legally responsible for something.
- Liability Insurance — Definition,
- Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
- Loss Payable Clause — Definition,
- An insurance policy provision for payment of a claim to someone, other than the insured's interest in the insured property. This clause basically allows an insurer to make payments to a third party in certain circumstances.
- Wrap-Up Insurance — Definition,
- Liability insurance that covers workers on large-scale construction projects.
