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 ?
* these worker's compensation claims constituted just under 50% of the total worker's compensation claims for the facility for the previous six months;
While it eventually strongly opposed health care legislation, initial NAM support largely derived from the recent passage of laws providing for worker's compensation. In a 1914 report to NAM, Frederick C.
Rehabilitation of worker's compensation and other insurance claimants: Case management, forensic, and business aspects.
People often confuse disability insurance with worker's compensation, which is not the same thing.

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