This office lease form does not prevent the insurer from asserting any right it might have to recover its losses from a tortfeasor. A better way to approach this can be done by both obtaining an endorsement from the insurance company to waive its recovery rights and by inserting a clause in the lease to this effect.
Utah Waivers of Subrogation
Category:
State:
Multi-State
Control #:
US-OL25052
Format:
Word;
PDF
Instant download
Description
How to fill out Waivers Of Subrogation?
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FAQ
What types of Utah workers are required to have workers' comp? Most employers must provide workers' comp insurance in Utah. However, business owners with no employees, such as sole proprietors, independent contractors, partnerships, and limited liability companies (LLCs), aren't required to purchase this policy.
Unlike health insurance, there are no employee payroll deductions for workers' compensation insurance. Workers' compensation provides benefits to your employees if they get sick from their work or injured on the job.
Waivers of subrogation are intended to protect each party from claims by the other; additional insured status is protection against third party claims.
There are two basic types of waiver endorsements used on liability policies: scheduled and blanket. A scheduled endorsement states that the insurer will not sue the party listed in the endorsement if you have waived your rights of subrogation against him or her.
Sole Proprietorships with no employee other than the owner. Partnerships with no employees other than the partners. Limited Liability Companies are treated as Partnerships and, as such, the members of an LLC may be eligible for a waiver. Director and/or officers of a corporation.
Independent contractors are not covered by the Utah Workers' Com- pensation Act, so employees do not need to obtain workers' compen- sation coverage for independent contractors. Independent contrac- tors are not eligible to receive or file workers' compensation claims.
You are waiving your insurance company's right to subrogate against another party. Most commonly it's the party you are entering into a contract or agreement with. Transfer of Recovery Against Others to Us is another phrase used in some policies that are similar to Waiver of Subrogation Rights.
It's up to you to let your employer know about your accident, injury or illness within 180 days, but the sooner the better! Both insurance companies and employers are skeptical of workers comp claims that aren't filed immediately.
