A contingent liability refers to potential financial obligations that a business may incur due to actions of parties other than its own employees, notably when independent contractors are involved.
The master-servant rule is a legal doctrine whereby an employer can be held liable for the negligent acts or omissions of an employee if those acts occur within the scope of employment and result in bodily injury and/or property damage to third parties.
The term 'scope of employment' refers to acts done while performing one's job duties. It is used to determine an employer's liability for the acts of its employees.
Vicarious liability is a legal concept where one party is held liable for the actions or omissions of another person, even if the liable party did not personally commit the act. This is often seen in employer-employee relationships, where employers can be held accountable for the actions of their employees performed within the scope of their employment.
Workers' Compensation Acts are statutes that establish the liability of an employer for injuries or sicknesses that arise out of and in the course of employment. This liability is created without regard to the fault or negligence of the employer. Benefits generally include hospital and other medical payments and compensation for loss of income. If the injury is covered by the statute, compensation thereunder will be the employee's only remedy against his employer.
Workers' Compensation, Coverage A refers to a type of insurance agreement where an insurer commits to covering all compensation and benefits that an insured employer is legally obligated to provide under state-specific workers' compensation laws.
The physical area within which injuries to an employee are compensable by workers' compensation laws. It denotes the place of employment and surrounding areas, including the means of entrance and exit, that are under control of the employer.
