What Does Excess Workers Compensation Insurance Mean?

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What does Excess Workers Compensation Insurance mean? Read on to discover the definition & meaning of the term Excess Workers Compensation Insurance - to help you better understand the language used in insurance policies.

Excess Workers Compensation Insurance

Excess Workers Compensation Insurance

A type of coverage available for risks that choose to self-insure the majority of workers compensation loss exposures. Two categories of coverages are available: specific, which controls loss severity by placing a cap on losses the insured must pay arising out of a single occurrence, and aggregate, which addresses loss frequency by providing coverage once a cumulative per occurrence loss limit is breached.

We hope the you have a better understanding of the meaning of Excess Workers Compensation Insurance.

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