Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Buck(noun) lye or suds in which cloth is soaked in the operation of bleaching, or in which clothes are washed. 2  Buck(noun) the cloth or clothes soaked or washed. 3  Buck(verb) to soak, steep, or boil, in lye or suds; -- a process in bleaching.
If the employee of a subcontractor suffers an on-the-job injury, the subcontractorâs workers' comp carrier should provide the medical and indemnity benefits. If the subcontractor is not covered, then the employee can file a claim against the general contractorâs insurance company.
Therefore, contracts often include a waiver of subrogation agreement. In such an agreement, the subcontractor. promises not to pursue recovery from the other party. That agreement might bind the subcontractorâs insurance. company, depending on the type of policy and its terms.