What does Exclusive Remedy mean? Read on to discover the definition & meaning of the term Exclusive Remedy - to help you better understand the language used in insurance policies.
A component of workers compensation statutes that bars employees injured on the job from making a tort liability claim against their employers. The benefits provided under workers compensation are the sole remedy available to injured employees. There are exceptions to this rule varying from state to state that do provide the employee with a legal venue. The failure to obtain and maintain insurance as well as willful negligence on the part of the employer are two types of such deviations.
We hope the you have a better understanding of the meaning of Exclusive Remedy.