Occupational Hazard Insurance Policy
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An Occupational Hazard Insurance Policy is a business insurance policy against occupation hazards.
- Example(s):
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- Counter-Example(s):
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- See: Workers Compensation Insurance, National Institute For Occupational Safety and Health, Occupational Safety and Health Administration, EU-OSHA, Occupational Safety and Health, Occupational Hazard Insurance Company.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/occupational_hazard Retrieved:2021-4-1.
- QUOTE: ... Next Insurance grew at rapid clip through 2020, despite the ravages of the coronavirus pandemic. The six-year-old insurance-tech startup, based in Palo Alto, Calif., last year chalked up 200 million in gross written premiums, industry parlance for the total revenue it expects to receive from customers over the lifetime of their policies, before payouts to reinsurers. The figure doubles the company’s expected, long-term revenue run rate from the year-prior estimate. ...
2020
- https://www.strongtieinsurance.com/what-you-need-to-know-about-occupational-hazard-insurance/
- QUOTE: ... Occupational hazard insurance is most easily defined as a policy that offers benefits to workers who aren’t covered under a workers’ compensation policy. A massive amount of trucking companies use independent contractors and owner-operators to make deliveries. Occupational hazard policies provide benefits to truckers who aren’t officially employees. Not only does this help protect the trucker, but this helps protect the trucking company. In some states, owner-operators can assert that they are wrongfully classified as independent contractors and file an injury claim against the company.
Some states also allow employers to opt-out of their state’s workers’ compensation programs. The employer still has the same legal obligation to employees who are injured on the job. Occupational hazard insurance programs are often more customizable and less expensive than their workers’ compensation counterparts. ...
- QUOTE: ... Occupational hazard insurance is most easily defined as a policy that offers benefits to workers who aren’t covered under a workers’ compensation policy. A massive amount of trucking companies use independent contractors and owner-operators to make deliveries. Occupational hazard policies provide benefits to truckers who aren’t officially employees. Not only does this help protect the trucker, but this helps protect the trucking company. In some states, owner-operators can assert that they are wrongfully classified as independent contractors and file an injury claim against the company.