Author: Chris Boggs
When employees travel out of state for work, real work comp coverage gaps can exist; and these gaps could leave the employer without the necessary protection they THOUGHT they purchased when they paid their work comp premiums. Extraterritoriality and reciprocity are major work comp problems most agents don't know they have. Yes, every state provides extraterritoriality work comp protection, but not every state recognizes that coverage so many insureds are unknowingly blindsided by uncovered or improperly covered claims.
Some agents take Part II - Employers' Liability coverage for granted. They consider it just a "thrown in" coverage with no real benefit. But Employers' Liability protection fills major gaps between the work comp policy and the CGL. Without this important coverage, your insured could have a hefty out-of-pocket expense.
In this 39-page Big "I" Virtual University Risk & Reality Report, author Chris Boggs explains:
- What "extraterritoriality" and "reciprocity" are in relation to work comp;
- How limitations in some state reciprocity laws create major gaps in work comp coverage;
- How to fix these coverage gaps; and
- Why employers' liability coverage is so extremely important.
What is a Big "I" Virtual University Risk & Reality Report?
Our Risk & Reality Reports are white papers adapted from various Big "I" Virtual University webinars and articles written by some of the industry's leading experts.