Put a Y or N for yes or no in the box next to "Any Proprietor/Partner/Executive Officer/Member Excluded?"
Note this is apparently always a Y if the company insured is in New Hampshire.
Not all states allow this exclusion, but many do allow it. It is a way for you to keep the premium cost of insurance lower. It also means those employees do not have workers comp coverage. So be careful and document well when you use this exclusion.
Under Limits, to the best of my knowledge and research, all states have limits per Statute, so you would always check this. Some states allow the business to purchase limits in excess of the statutory limits. You need to ask your underwriter if that is available in the state in which you are providing coverage.
Under limits there are three lines which start with E.L This stands for Employers Liability. This provides coverage that protects the company in the event that an employee alleges that the employer's negligence or failure to provide a safe work place was the cause of the employees's illness or injury. refer to your actual policy for these limits.
I hope this is helpful. It is intended not as a legal document but as a training tool for learning how to complete certificates of liability insurance.
We all learn each thing for the first time at some point. This is intended to help with that learning.
2 comments:
Why is there an N/A under the Additional Insured checkmark column for the workers comp policy? What is the insurance or workers comp code referencing this?
Cindy, any additional insured does not apply to the yes or no question. The box with the N/A in it is only present because of the physical layout of the form grid. The N/A is in the box to clarify that there should be no other indication in this box.
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