Priestly V. Fowler
Definition of "Priestly v. fowler"
1837 British case that established that an employer was not responsible for injury to an employee if the injury was caused by another employee. Prior to this, English common law provided that an employer took responsibility for his employees; Priestly v. Fowler was the first crack in that relationship. Later, other exceptions to employer responsibility were established until finally the employee shouldered all responsibility for his own welfare because, it was argued, he or she had, after all, agreed to accept the job. Late in the 19th century in Great Britain, and early in the 20th century in the U.S., workers compensation laws were passed in which the employer accepts responsibility for on-the-job injuries and pays benefits according to an established schedule. In exchange, the employee accepts this as the exclusive remedy. However, in the past decade there have been many challenges to this system, including cases in which injured employees have been allowed to sue their employers.
Popular Insurance Terms
Accrediting body for the CPCU (Chartered Property and Casualty Underwriter) designation. The institute provides undergraduate and continuing education in property and casualty insurance ...
Reinsurance of & re insurer such that the re insurer protects itself from a catastrophe occurrence. Just as an insurer must decide to cede to the re insurer a portion of a risk it has ...
Right to insurable interest in property such as the right of a secured creditor in the property pledged as security. ...
Clause in a surety bond contract providing for restoration of coverage after a loss without requirement of a restoration premium. ...
Lump sum premium paid in advance instead of the frequency of premium payments stipulated in the insurance policy. This lump sum premium payment will be less than the present value of the ...
Offer and acceptance upon which an agreement is based. For a contract to be legal (and thus enforceable in a court of law), an offer must be made by one party to another party, who accepts ...
Unit of the life office management association (LOMA), which prepares and administers educational materials for the Fellow Life Management Institute (FLMI) Program. Upon successful ...
Length of time required to amortize the excess expenses of acquiring a given group of life insurance policies. In acquiring a policy, a life insurance company may incur expenses (such as ...
Personal property insurance that provides all-risks coverage for wedding presents, wherever they may be in the world, until they are permanently located. Because the new owners of wedding ...
Have a question or comment?
We're here to help.