EMPLOYER'S LIABILITY - A claimant was aged 19 years at the time of an accident at work, which caused tetraplegia.
The purpose of the memorandum is to address the use of unfiled side agreements in conjunction with workers' compensation and
employer's liability policies applicable to risks and exposures in Florida.
Practice insurance normally includes cover for contents, buildings, business interuption, public liability,
employer's liability, legal expenses and fidelity.
Under the first agreement, Tower New York ceded to Southport Re a 30% quota share of its workers' compensation and
employer's liability business.
There were no claims relating to
employer's liability during the period.
NFIL, in run-off since 2007, offered
employer's liability, property and motor third party risks products, but only had net reserves related to
employer's liability claims worth some GBP262,000 as at 29 February 2012, the buyer said in a statement.
The
employer's liability to pay a minimum amount of bonuses to the eligible employees is fixed at the end of the tax year in which the services are rendered;
The decision this month in the Court of Appeal relates to a series of cases known as the
Employer's Liability Policy Trigger Litigation.