What does Voluntary Compensation Endorsement mean? Read on to discover the definition & meaning of the term Voluntary Compensation Endorsement - to help you better understand the language used in insurance policies.
Voluntary Compensation Endorsement
Enables an employer to extend the benefits provided by the workers compensation act to employees who may not be entitled to benefits under the terms of the act, such as executive officers, partners, sole proprietors, farm workers, domestic employees, or employees traveling overseas. If such an employee is injured in the course of employment, he or she may elect to accept the scale of benefits provided by the designated workers compensation law or pursue common law remedies.
We hope the you have a better understanding of the meaning of Voluntary Compensation Endorsement.