Workers' Compensation

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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 ?
Some companies supply employees with "total compensation" statements -- documents that outline the full cost to the employer of all benefits, including health care, income taxes, 401(k) matching, workman's compensation, life insurance, etc.
It later served Macy's in the same capacity before being converted to headquarters space for the city's Workman's Compensation Board.
which fired him after a workman's compensation dispute.
Among the enumerated items are certain items necessary for the care and clothing of the family, as well as unemployment and workman's compensation benefits.
A healthier work force and fewer workman's compensation claims will lower insurance premiums and increase profits.
Weiner served with the Simi Valley Police Department for 12 years, worked as a Drug Abuse Resistance Education officer and is seeking reinstatement of his title as an officer through a separate workman's compensation claim he has filed against the city.
ATDO challenges SIF's contention that all workers hired as independent contractors can be assessed as employees for whom workman's compensation insurance must be provided.