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Exclusive Remedy

 
Insurance Dictionary: Exclusive Remedy

A procedure in which the employer has Absolute Liability for the injuries incurred by the employee and the employee does not have the right to sue the employer for those injuries suffered. (For job related injuries under Workers Compensation Insurance the sole source of funds for the injured employee is the Workers Compensation Benefits.)

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more