RULE VIII – LIMITS OF LIABILITY
Item 3-B of the Information Page
A. WORKERS COMPENSATION AND EMPLOYERS LIABILITY POLICY
- Part One – Workers Compensation
There is no limit of liability in the standard policy for Part One. The policy provides all benefits required by the Delaware Workers Compensation Law. - Part Two – Employers Liability
a. Standard limits
The standard limits of liability under Part Two are:
Bodily Injury by Accident: $100,000 – each accident
Bodily Injury by Disease: $100,000 – each employee
Bodily Injury by Disease: $500,000 – policy limit.
b. Increased Limits
The limits under Part Two may be increased, subject to the following:- The limits of liability shall be the same for all states specified in Item 3-A of the Information Page.
- The additional premium for increased limits shall be determined by multiplying the total premium by the percentage in the following Table for Increased Limits. For this purpose, total premium shall be computed after application of any carrier rate but before application of experience rating modification or retrospective rating adjustment.
- The premium for increased limits shall be subject to experience rating modification, merit rating, deductible credit or retrospective rating. The premium for increased limits on nonratable classifications is not subject to any experience rating modifications, merit rating or retrospective rating.
TABLE FOR INCREASED LIMITS
| Statistical Codes | Limits of Liability | Percentage |
| (000s omitted) | ||
| 9803 | 100 / 100 / 1,000 | 0.1% |
| 9805 | 100 / 100 / 5,000 | 0.5% |
| 9806 | 100 / 100 / 10,000 | 1.0% |
| 9807 | 500 / 500 /500 | 0.8% |
| 9808 | 500 / 500 / 1,000 | 0.9% |
| 9810 | 500 / 500 / 5,000 | 1.3% |
| 9811 | 500 / 500 / 10,000 | 1.8% |
| 9812 | 1,000 / 1,000 / 1,000 | 1.1% |
| 9814 | 1,000 / 1,000 / 5,000 | 1.5% |
| 9815 | 1,000 / 1,000 / 10,000 | 2.0% |
| 9816 | over
1,000 / 1,000 / 10,000 |
(a) |
| 9837 | All Other | Refer to Table 1 |
| (a) Apply to DCRB for higher limit charges |
Table 1
| Loss Limit | Minimum Premiums |
500 | 1,000 | 2,000 | 3,000 | 4,000 | 5,000 | 6,000 | 7,000 | 8,000 | 9,000 | 10,000 | |
| Bodily | 100 | 0.0% | 0.10% | 0.20% | 0.30% | 0.40% | 0.50% | 0.60% | 0.70% | 0.80% | 0.90% | 1.0% | |
| Injury by | 200 | $75 | 0.20% | 0.30% | 0.40% | 0.50% | 0.60% | 0.70% | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% |
| Accident | 300 | $75 | 0.40% | 0.50% | 0.60% | 0.70% | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% | 1.30% | 1.40% |
| Each | 400 | $75 | 0.60% | 0.70% | 0.80% | 0.90% | 1.00% | 1.10% | 1.20% | 1.30% | 1.40% | 1.50% | 1.60% |
| Accident | 500 | $75 | 0.80% | 0.90% | 1.0% | 1.10% | 1.20% | 1.30% | 1.40% | 1.50% | 1.60% | 1.70% | 1.80% |
| Limit and | 1,000 | $120 | 1.10% | 1.20% | 1.30% | 1.40% | 1.50% | 1.60% | 1.70% | 1.80% | 1.90% | 2.00% | |
| Bodily | 2,000 | 1.40% | 1.50% | 1.60% | 1.70% | 1.80% | 1.90% | 2.0% | 2.10% | 2.20% | |||
| Injury by | 3,000 | 1.60% | 1.70% | 1.80% | 1.90% | 2.00% | 2.10% | 2.20% | 2.30% | ||||
| Disease | 4,000 | 1.80% | 1.90% | 2.00% | 2.10% | 2.20% | 2.30% | 2.40% | |||||
| Each | 5,000 | 2.00% | 2.10% | 2.20% | 2.30% | 2.40% | 2.50% | ||||||
| Employee | 6,000 | 2.20% | 2.30% | 2.40% | 2.50% | 2.60% | |||||||
| Limit | 7,000 | 2.40% | 2.50% | 2.60% | 2.70% | ||||||||
| ($000 | 8,000 | 2.60% | 2.70% | 2.80% | |||||||||
| omitted) | 9,000 | 2.80% | 2.90% | ||||||||||
| 10,000 | 3.00% |
*Increased limits of employers liability are available under the Delaware Insurance Plan upon request, subject to maximum limits of $1million/$1million/$1million. Minimum premiums displayed with Table 1 are applicable to Delaware Residual Market. The same minimum premium applies for all the Bodily Injury by Disease policy limits within the same row.
c. Accident Limit
The limit of liability under Part Two for Bodily Injury by accident applies to all bodily injury arising out of any one accident.
d. Disease Limits
The limit of liability under Part Two for Bodily Injury by Disease – each employee – applies as a separate limit to bodily injury by disease to any one employee and the limit of liability for Bodily Injury by Disease policy limit applies as an aggregate limit for all bodily injury by disease, regardless of the number of employees who sustain bodily injury by disease.
e. Show Limit on the Information Page
A limit of liability under Part Two must be stated in Item 3-B of the Information Page.
B. VOLUNTARY COMPENSATION INSURANCE
- Standard Limits
The standard limits of liability under Part Two Employers Liability Insurance for employees subject to voluntary compensation are:
Bodily Injury by Accident: $100,000 – each accident
Bodily Injury by Disease: $100,000 – each employee
Bodily Injury by Disease: $500,000 – policy limitThe limit of liability for Bodily Injury by Accident applies to all bodily injury arising out of any one accident. The limit of liability for Bodily Injury by Disease – each employee – applies as a separate limit to bodily injury by disease to any one employee and the limit of liability for Bodily Injury by Disease – policy limit – applies as an aggregate limit for all bodily injury by disease, regardless of the number of employees who sustain bodily injury by disease.
- Increased Limits
a. The standard limits under Part Two Employers Liability for employees subject to voluntary compensation insurance may be increased.
b. The premium for the increased limits shall be determined by using the Table in Rule A. 2. b. - Premium Determination
Premium shall be determined on the basis of the workers compensation rules, classifications and DCRB rating values in this Manual for the state workers compensation law designated in the schedule in the Voluntary Compensation and Employers Liability Coverage Endorsement.
- Payroll records
When voluntary compensation insurance is provided for a group of employees, separate payroll records shall be maintained by the insured for the designated group of employees.