Property & Casualty- Workers Compensation (Well-enlightened)

Follow Servant Rule correct answers If employee caused the injury then the employer was held harmless. Contribution Negligence correct answers If the injured employee was even partially responsible for injury, the employer was held harmless. Assumption of Risk correct answers If the employee knew in advanced the risks involved and accepted the job, the employer was held harmless. Workers Compensation correct answers This is a no-fault law. If the employer provides this coverage for the employees then they cannot be sued for damages and are held harmless; employee cannot sue if settling through this coverage, but can sue if settling it outside this coverage. Occupational Safety & Health Act correct answers Minimum standards for work safety in the work place. Monopolistic Law correct answers The state mandates that worker's compensation be purchased ONLY from the state insurer. Competitive Law correct answers The insurance can purchase this type of worker's compensation from private insurers, state funds, or self-insurance. Utah falls under this type. Compulsory Law correct answers A law that mandates the employers to carry Worker's Compensation, regardless if the State is monopolistic or competitive. Elective Law correct answers A law that allows the employer to choose whether or not they want Worker's Compensation; if the employer chooses not to be subject to them, they lose their common-law defenses against liability suits and open themselves up to suits. Exclusive Remedy correct answers The employee has the right to recover compensation for injuries/death to himself or his family; through WC only. Employment Covered correct answers 1. Employer must cover the workers doing business even if there is only 1 worker. 2. Coverage is required for legal or illegal aliens and minors. 3. Coverage is voluntary for partners/sole proprietors. 4. Directors and officers of corporation are considered employees but may elect to not be covered. Premium correct answers How the rate is determined: Job classification, Statutory rates, Payroll, Experience rating (# of claims).