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 ?
George Pataki to rectify that problem by combining 240 reform bill with current workmen's compensation legislation that would increase workmens' compensation benefits.
We hope the bill gets packaged with the workmens' compensation bill, because it really is workmen's compensation reform.
Five states, including California and Illinois, cover riders through workmens' compensation, which covers a rider's medical costs should he or she be injured on-track.