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 ?
But there are myriad ways you can help in the battle against workers' compensation insurance fraud, including educating your employees about workers' compensation; investigating all injuries immediately; referring (without denying or confirming) any claim you think is suspicious directly to your carrier; using a carrier's materials to educate employees about fraud; and encouraging employees to report suspected fraud.
If used properly, these techniques can be attractive alternatives to soaring workers' compensation insurance costs.

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