excess workers compensation insurance
A type of coverage available for risks that choose to self-insure the majority
of workers compensation loss exposures. Two categories of coverages are available:
specific, which controls loss severity by placing a cap on losses the insured
must pay arising out of a single occurrence, and aggregate, which addresses
loss frequency by providing coverage once a cumulative per occurrence loss limit
is breached.
Links for IRMI Online Subscribers Only:
CLI XII.F;
IWC XI.T;
RF IV.E