Workers' Compensation Insurance
/ˈwɜrkərz ˌkɒmpənˈseɪʃən ɪnˈʃʊərəns/
Definitions
- (n.) An insurance program that provides wage replacement and medical benefits to employees injured in the course of employment.
The company purchased workers' compensation insurance to cover injuries sustained by its employees while on the job.
Forms
- workers' compensation insurance
Related terms
See also
Commentary
Often mandated by statute, the scope and benefits of workers' compensation insurance vary by jurisdiction but generally preclude employee lawsuits against employers for workplace injuries.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.