Company’s failure to pay premium results in liability for worker’s injury

 Tuesday, December 20, 2011

 Risk and Insurance

A logging company contracted with a carrier for workers’ compensation insurance coverage. After the policy period ended, the carrier executed an audit resulting in an invoice to the company for an additional payment for the policy period. The company also renewed the policy for the subsequent year. The carrier sent a notice of additional premium to supplement the estimated premium the company paid for the subsequent year. The carrier then sent a notice canceling the policy for the company’s failure to pay additional amounts on the policy.
Workers' CompensationLiability
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