Voluntary Compensation Endorsement

Voluntary Compensation Endorsement

An addition to workers compensation insurance that provides the same coverage for partners, executives and other employees who ordinarily are not eligible for workers compensation. The policyholder pays an additional premium for this endorsement.
References in periodicals archive ?
The insurer agrees under this program to offer to settle a claim voluntarily in accordance with the statutory benefits called for by the workers compensation law of the state(s) specified on the voluntary compensation endorsement (WC 00 02 03).
The insurer agrees under this program to offer a settlement of a claim voluntarily in accordance with the statutory benefits called for by the workers compensation law of the state(s) specified on the voluntary compensation endorsement, WC 00 02 03.
Similarly, a voluntary compensation endorsement should be added to the manager's workers' compensation insurance policy.
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