Workers' Compensation


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Related to Workers' Compensation: Workers' Compensation Benefits, Workers' Compensation Insurance, Workers' Compensation Act

Workers' Compensation

Insurance that pays for an employee's medical care in the event that he/she is injured at work. Workers' comp may also provide for lost wages and compensate for disability or reduced earning potential. In exchange for receiving workers' comp, the employee surrenders the right to sue the employer for negligence. Workers' comp is mandatory in many jurisdictions and employee paychecks are reduced by the amount of the premium.
References in periodicals archive ?
Prevention is a key factor in controlling the cost of workers' compensation, yet most insurance companies are not involved in it.
By mid-1991, we were making good progress in reducing the frequency of workers' compensation injuries.
The majority of physicians that perceived a decline in injured workers' access to care -- chiropractors, acupuncturists and orthopedic surgeons -- also reported a decline in their workers' compensation patient volume since 2004.
If I were an insurer and were involved in insuring first responders, I would be concerned about emerging potential liability--one that's financially manageable but potentially affects pricing of workers' compensation coverage because it adds a tail," said Robert Hartwig, executive vice president and chief economist with the Insurance Information Institute.
One special interest group, the so-called personal injury lawyers, is promoting ``re-regulation'' of workers' compensation insurance rates as the cure to California's workers' compensation system crisis.
Paul Durnan, Group Manager of the ABO Safety Group, said, "Historically, workers' compensation was the stepchild of corporate property and casualty insurance.
The cost of workers' compensation coverage -- once a negligible item in most companies' budgets -- has risen at such a dramatic rate that it is attracting increasing attention at the highest levels of corporate management," said David A.
Whether the reader is a novice searching for a historical perspective on workers' compensation or an experienced professional fully conversant with the nuances of present day law and practice, this work is an important addition to your library.
It is thus extremely important for chief financial officers, corporate controllers, risk managers and other financial officers to understand workers' compensation insurance.
is an insurance holding company whose wholly owned subsidiary, SeaBright Insurance Company, operates as a specialty underwriter of multi-jurisdictional workers' compensation insurance.
Signature-gathering will start next week on putting workers' compensation reform on the November ballot if state lawmakers don't act by Monday, a deadline set by Gov.
This is not meaningful reform and it's obvious to us that the House of Representatives cares very little that the business community continues to face a 52 percent increase in workers' compensation insurance rates.

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