--- title: Buzzwords to Know with Insurance Workman’s Comp description: Discover essential buzzwords for insurance and workers' compensation on Staffing For Texans. Stay informed and protect your workforce effectively. image: https://www.staffingfortexans.com/hubfs/SFT%20Resize%20Blog%20Image-07.png --- Informative/News # Buzzwords to Know with Insurance Workman’s Comp Discover essential buzzwords for insurance and workers' compensation on Staffing For Texans. Stay informed and protect your workforce effectively. [ Admin ](https://www.staffingfortexans.com/resources/blog/author/admin) Jun 27, 2024 [mailto:?subject=Check%20out%20https://www.staffingfortexans.com/resources/blog/buzzwords-to-know-with-insurance-workmans-comp&utm_medium=social&utm_source=email%20&body=Check%20out%20https://www.staffingfortexans.com/resources/blog/buzzwords-to-know-with-insurance-workmans-comp&utm_medium=social&utm_source=email](mailto:?subject=Check%20out%20https://www.staffingfortexans.com/resources/blog/buzzwords-to-know-with-insurance-workmans-comp&utm_medium=social&utm_source=email%20&body=Check%20out%20https://www.staffingfortexans.com/resources/blog/buzzwords-to-know-with-insurance-workmans-comp&utm_medium=social&utm_source=email) [Informative/News](https://www.staffingfortexans.com/resources/blog/tag/informative-news) ![](https://www.staffingfortexans.com/hubfs/SFT%20Resize%20Blog%20Image-07.png) ## Aggregate Formed or calculated by the combination of many separate units or items total. A whole formed by combining several (typically disparate) elements #### **Example** Aggregate is the total amount to be paid, medical, rehabilitation, repairs, benefits.   ## General Liability Insurance (GL), often referred to as business liability insurance, is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations. #### Examples **Slip-and-fall accident:** A restaurant is sued when a produce deliveryman slips on the wet floor of the freshly mopped kitchen. Tomatoes go flying everywhere, but the real damage is done to the deliveryman’s shinbone, which he breaks smashing it into a table. He sues the restaurant for $100,000 in medical costs, lost wages, and other expenses. **Customer injury lawsuit:** A photographer is shooting senior photos for a client. As the family walks into the studio, the mother trips over the cord for the flash and falls to the ground,breaking her collar bone. The family sues the photographer for $75,000 in medical damages.   ## Indemnification If you are the indemnified party, an indemnification clause is simply a promise by the other party to cover your losses if they do something that causes you harm or causes a third party to sue you. … Indemnify and hold harmless mean the same thing to make whole after causing a loss. #### **Example** We indemnify our worker, that is if they are injured while working, we will use our insurance to make them “whole” again. ## Similar posts Hiring Practices ### [What to Look for in a Good Employee](https://www.staffingfortexans.com/resources/blog/what-to-look-for-in-a-good-employee) Discover key qualities to seek in top employees on Staffing For Texans. Learn how to identify talent and build a strong workforce for success. 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Unlock your business's full potential by joining our community today. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin", "url" : "https://www.staffingfortexans.com/resources/blog/author/admin" }, "dateModified" : "2024-06-28T11:25:14.503Z", "datePublished" : "2024-06-27T09:20:17.000Z", "headline" : "Buzzwords to Know with Insurance Workman’s Comp", "image" : [ "https://www.staffingfortexans.com/hubfs/SFT%20Resize%20Blog%20Image-07.png" ], "mainEntityOfPage" : { "@id" : "https://www.staffingfortexans.com/resources/blog/buzzwords-to-know-with-insurance-workmans-comp", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.staffingfortexans.com/hubfs/Staffing_For_Texans_August2021/images/logo.svg" }, "name" : "Staffing for Texans" } } ```