2014
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Liability Insurance

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1. Federal and common law requires that an employer (a) provide employees with a safe place to work (b) hire competent fellow employees (c) provide safe tools and (d) warn employees of an existing danger. _____ _____
2. If an employer fails to provide the above the employer is liable for damage suits brought by an employee and possible fines or prosecution. _____ _____
3. State law determines the level or type of benefits payable under workers' compensation policies. _____ _____
4. Not all employees are covered by workers' compensation laws. The exceptions are determined by state law and therefore vary from state to state. _____ _____
5. In nearly all states you are now legally required to cover your workers under workers' compensation. _____ _____
6. You can save money on workers' compensation insurance by seeing that your employees are properly classified. _____ _____
7. Rates for workers' compensation insurance vary from 0.1 percent of the payroll for safe occupations to about 25 percent or more of the payroll for very hazardous occupations. _____ _____
8. Most employers can reduce their workers' compensation premium by reducing their accident rates below the average. They do this by using safety and loss-prevention measures. _____ _____

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This article is reprinted by permission of the SBA and The Travelers, Hartford, Connecticut.
For more information on SBA programs go to www.sba.gov




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