Federal Employers Liability Act (fela)
Federal law comparable to state workers compensation statutes setting out liability of railroads for work-related injuries or death of their employees. Railroad employees are not covered by workers compensation laws. Under normal tort law, the injured party must prove he or she did nothing to contribute to the negligence or the risk. But under the terms of the federal act, railroad employees must only show that negligence on the part of the employer contributed to the injury. Therefore, this law gives railroads responsibility for on-the-job injuries to employees. But the railroads are not protected by the theory that workers compensation should be the only responsibility of employers for their employees, or by the prescribed schedule of benefits.
Popular Insurance Terms
Request for life insurance coverage by an individual, not through an agent or broker. It is given extra scrutiny by an insurance company because of the possibility of self-selection, which ...
Plan whereby adjustments are made in the premium, as the premium increases to reflect the non proportionate increases in expenses. Generally, the expenses of acquisition costs, ...
Endorsement to personal automobile policy (PAP) that covers an insured involved in a collision with a driver who does not have liability insurance. ...
Coverage on an all risks basis, subject to listed exclusions, for personal property of the insured dealer that is used in normal business activities. Goods that have been sold on an ...
Coverage through an endorsement to the personal automobile policy (pap) to extend its protection against accidents within a 25 mile radius of the U.S. border. This coverage is excess over ...
Billing by an administering agency for expenses associated with administering a group employee benefit plan. ...
Insurance for accountants covering liability lawsuits arising from their professional activities. For example, an investor bases a buying decision on the balance sheet of a company's annual ...
Sum it takes to replace an insured's damaged or destroyed property with one of like kind and quality, equivalent to the actual cash value, minus physical depreciation (fair wear and tear) ...
Provision in a life insurance policy that permits the policy owner to name anyone as primary and secondary beneficiaries. The policy owner may change the beneficiaries at any time by simply ...

Have a question or comment?
We're here to help.