Standard Provisions for Workmen's Compensation and Employer's Liability Policies

It is the intent of this paper to present a concise explanation of the more important features of the new Workmen's Compensation and Employers' Liability Policy and to describe the Standard Provisions Program which was adopted by the National Council on Compensation Insurance and which became effective on October 1, 1954. This paper will not go into minute detail with respect to the individual policy provisions since it is prepared to serve as a general reference to help in the transition from the old to the new policy for those not directly engaged in using the policy. We will first concern ourselves with some of the historical reasons why a new policy was needed and how work on it got underway. Next we will consider a description of the Standard Provisions Program. The special features of the new policy are explained herein and its scope of coverage is discussed. Certain comparisons are drawn with the policy previously used and comments are made with respect to new provisions. The endorsement program is outlined and references are made to contemplated legislative changes desirable to further simplify the contract.