Federal Employers Liability Act (fela)
Definition of "Federal employers liability act (fela)"
Federal law comparable to state workers compensation statutes setting out liability of railroads for work-related injuries or death of their employees. Railroad employees are not covered by workers compensation laws. Under normal tort law, the injured party must prove he or she did nothing to contribute to the negligence or the risk. But under the terms of the federal act, railroad employees must only show that negligence on the part of the employer contributed to the injury. Therefore, this law gives railroads responsibility for on-the-job injuries to employees. But the railroads are not protected by the theory that workers compensation should be the only responsibility of employers for their employees, or by the prescribed schedule of benefits.
Popular Insurance Terms
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Application for a policy, in life insurance, accompanied by the first premium; in property and casualty insurance, the insurance application itself. ...
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Transfer of the cash value of the policy from the policyowner to the policyowner's creditor as security for a loan. ...
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Value of a share of common stock, derived by dividing the total common stockholders' equity at the end of a period of time by the total number of shares outstanding at the end of the same ...
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