Definitions for "Workers' Compensation"
Provides benefits to a person injured on the job.
A system established under state law that provides payments, without regard to fault, to employees injured in the course and scope of their employment.
A state-mandated form of insurance covering workers injured in job-related accidents. In some states the state is the insurer; in other states insurance must be acquired from commercial insurance firms. Insurance rates are based on a number of factors including salaries, firm history and risk of occupation.