Exam (elaborations)
ARM 401_ Holistically Assessing Risk
ARM 401_ Holistically Assessing Risk
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ARM 401: Holistically Assessing RiskAssumption of Risk - correct answer-A person knows the dangers and still accepts the risk
Common Law - correct answer-Laws based on previous lawsuit outcomes
Common Law Defense - correct answer-
Common Law Duties - correct answer-Provide a safe workplace
Common Law System - correct answer-
Comparative Negligence - correct answer-An employee can still collect some damages even
if he/she is partially at fault for the injury
Compulsory Law - correct answer-State requires the employer to purchase work comp
coverage or provide evidence of self-insurance. There are penalties and/or fines for
non-compliance
Contributory Negligence - correct answer-An employer is not responsible for the employee's
injury because the employee caused, in some part, his/her own injuries
Death Benefits - correct answer-
Defense Outside - correct answer-
Dependent Suits - correct answer-A spouse is allowed to sue the employer for negligence in
the event of the death of a worker
Direct Employees - correct answer-Hired and directed by the employer, paid wages, work
comp coverage is provided by the employer
Elective Laws - correct answer-Work Comp insurance is not compulsory, can elect not to
purchase. If work comp is not purchased, right to common law defense is waived. TX (those
who opt out get plans similar to health care) and NJ (requires employers to purchase work
comp OR employers liability)
Employer's Liability Limits - correct answer-
Exclusive Remedy - correct answer-
Exempt - correct answer-Workers that employers are not required to provide work comp for:
domestic workers, agricultural workers, real estate agents, sole proprietors and partners of a
partnership
Extraterritorial - correct answer-
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