What does Quid Pro Quo mean? Read on to discover the definition & meaning of the term Quid Pro Quo - to help you better understand the language used in insurance policies.
Quid Pro Quo
Latin: "this for that." Pertains to the exchange of values by both parties to form a valid contract. In workers compensation, employees trade their right to sue their employers in exchange for no-fault benefits. This is considered the quid pro quo in workers compensation.
We hope the you have a better understanding of the meaning of Quid Pro Quo.