Stop Gap Coverage

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Stop Gap Coverage Stop gap coverage provides employer’s liability insurance when it’s not included in a workers’ compensation policy. The term stop gap coverage, or a stop gap endorsement, refers to an employer filling a gap in workers’ compensation insurance by purchasing an additional policy. Stop gap coverage protects business owners from lawsuits filed over workplace injuries. Business owners are protected from such lawsuits by employer’s liability insurance, which is typically included in workers’ compensation coverage. Stop Gap Coverage Details Stop gap coverage provides protection against allegations that an employer has not provided a safe work environment. While workers’ compensation pays for job-related injuries, employer’s liability is a separate clause of the policy. It protects the employer from being held liable for worker injury or illness. A workers’ compensation policy from a monopolistic state fund does not include the part of the policy dealing with employer liability. To prevent a worker from holding the employer liable for an injury or illness, the employer should consider purchasing stop gap coverage from an insurance provider. #BeNewinsurance #InsurTech #inclusiveinsurance #insurance #reinsurance #takaful #climatechange

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