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Insurance Definition: EXCLUSIVE REMEDY

By Compuquotes Team on March 27th, 2008

EXCLUSIVE REMEDY:

Definition:

  • Part of the social contract that forms the basis for workers compensation statutes under which employers are responsible for work-related injury and disease, regardless of whether is was the employee's fault and in return the injured employee gives up the right to sue when the employer's negligence causes the harm.

Information provided by Insurance Information Institute

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