All workers in the United States are covered by the Workers' Compensation Law. When an employee dies or becomes injured while working, the worker's compensation law requires that worker's compensation insurance be paid to the person or his or her surviving spouse and/or dependents. The insurance only applies to injuries and disabilities related to one's job ("What is Worker's Compensation?" 2008) Liability insurance, on the other hand, simply protects a firm from being held responsible for the other party's losses -- whether financial, physical, or otherwise. Liability insurance, unlike worker's compensation insurance, is not required by law ("What is Liability Insurance" 2008).
Occurrence claims policies and claims-made policies are two kinds of liability insurances that can be purchased by an individual or small company. Occurrence claims policies require insurance companies to pay for claims that occur during the period of coverage, regardless of when the claim occurred, while claims-made policies only require insurance companies to pay for claims made, or reported, during the period of coverage (Glendenning 2007).
References
Choosing the Right Health...
In an ideal world, every single person would be able to afford the medical care and attention they need throughout their lifespan. The Affordable Care Act, colloquially called Obamacare, set as its goal eventual universal healthcare coverage. Unfortunately, Obamacare has not promoted the ultimate goal of providing affordable healthcare for all Americans. Mandating healthcare insurance does help reduce disparities in access to affordable and necessary interventions, tests, and treatments. As
Human Resource Management -- Questions Why is the HR department playing a more significant role in organizational strategic planning processes today than it did 20 years ago? Today, HR is part of the growth and problem solving areas of the organization. In the past, it focused only on basic personnel functions. Companies realized that HR could do much more than it was involved in, so they expanded the duties of the
Did he have the right to make such promises knowing that the company may be moving to Mexico? The simple answer is no. It was unethical to make such promises knowing full well that the company may be moving to Mexico. However, it is not always simple. He made the promises knowing that the company MIGHT move to Mexico. The negotiations are still ongoing so at the time the
new technologies have given birth to data analysis from the IT backrooms, and have increased the possibilities of utilizing the use of data-driven results into every aspect of an organization. However, much as improvements in hardware and software have made the advent of big data usage possible, the only consideration is not technology. It is important for organizations to take very holistic approaches to integrate big data into every
Table 1 Since the manufacturing activities at JMC should be brought back online in a period of 12 hours, it is evident from the above table that the classification of the disaster recovery plan is mission critical.The whole focus of Disaster recovery Plan is to try and restore the operation of various system components that are termed as mission critical. The process of restoring the system does not have to be
Veterans & Retirees; Is Government Keeping its Promise This study aimed at exploring the experiences and perceptions of Veterans belonging to Lousiana and Mississippi about three variables; the accessibility of organization; the accessibility of benefits and availability and adequacy of the facilities being provided by government through VA. The respondents were also asked to suggest whether there is a need for improvement and what should VA do to provide benefits and
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now