Definitions for "Workers Compensation"
A system of compensation for work-related injuries or death, paid for by employer compensation insurance contributions.
Government program that shields employers from personal liability if an employee is injured on the job. The program pays the injured employees medical expenses and a small stipend while the worker is recovering from injuries.
A state-governed system designed to address work-related injuries. Under this system employers assume the cost of medical treatment and wage losses arising from a worker's job-related injury or disease, regardless of who is at fault. In return, employees give up the right to sue employers, even if injuries stem from employer negligence.