Workers Comp Term Of the Day - Waiver Of Subrogation

The waiver of subrogation clause is very popular in insurance policies and rental agreements. A waiver of subrogation is when one party gives up the right to pursue another third party for paid damages if the third party was at fault. Often an insurance carrier will put themselves in place of their insured to pursue the third party for monies paid on a claim. The waiver of subrogation will not allow the carrier to pursue the third party.