Definitions for "Workers' Compensation Insurance"
Coverage designed to protect against financial loss to employers to pay benefits and furnish care to employees injured, and to pay benefits to dependents of employees killed in the course of or arising out of their employment. [MORE
A statutory no-fault form of insurance purchased by employers to provide benefits to employees for injuries sustained during employment.
New York State Workers' Compensation insurance provides injured workers with medical and compensation benefits or, in the case of death, death and survivor benefits to their dependents for on-the-job injuries.