Employers excess indemnity insurance

{
  "id": "MLC-T-INS-001303",
  "term": "Employers excess indemnity insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized form of liability coverage that protects an employer against catastrophic losses arising from workers' compensation claims. It activates when the employer's self-insured retention or primary workers' compensation policy limits are exhausted. This insurance typically covers large, unexpected claims that exceed the financial capacity of the employer's standard coverage.",
  "url": "https://mlchart.com/terminology/insurance/employers-excess-indemnity-insurance/"
}