Workers Compensation Definition

Workers compensation is a mandatory type of business insurance that provides employees who become injured or ill while on the job with medical coverage and income replacement.

Workers compensation definition.

Workers compensation or workers comp formerly workmen s compensation until the name was changed to make it gender neutral is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee s right to sue his or her employer for the tort of negligence. See the complete list of workers comp faqs. Workers compensation definition is a system of insurance that reimburses an employer for damages that must be paid to an employee for injury occurring in the course of employment. Workers compensation is a publicly sponsored system that pays monetary benefits to workers who become injured or disabled in the course of their employment.