workers' compensation

   Rights that are found in various Workers' Compensation Acts, state statutes that establish the liability of employers for injuries to workers that are sustained on the job or illnesses that result from their employment, and that require employer insurance to protect the workers. Workers' compensation is not based on employer negligence, but is absolute liability for medical coverage, a percentage of lost wages or salary, costs of rehabilitation and retraining, and payment for any permanent injury (usually based on a medical evaluation). If compensation is granted, it becomes the only remedy against an employer and prevents workers or their dependents from suing the employer for injury or death. Some injured workers waive workers' compensation and sue the employer for damages caused by the employer's negligence. If a third party contributed to the damages, the injured worker may sue that party for damages even though he or she receives workers' compensation. Formerly known as workmen's compensation.

Business law dictionary. 2015.

Look at other dictionaries:

  • Workers' compensation — (colloquially known as workers comp in North America or compo in Australia) a form of insurance that provides compensation medical care for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the… …   Wikipedia

  • workers' compensation — work·ers compensation n 1: compensation for injury to an employee arising out of and in the course of employment that is paid to the worker or dependents by an employer whose strict liability for such compensation is established by statute ◇… …   Law dictionary

  • workers' compensation — n. 1. a government sponsored insurance system, funded by contributions from employers, for compensating employees for injury or occupational disease suffered in connection with their employment 2. compensation given under such a system * * *… …   Universalium

  • workers' compensation — workers compensation, = workmen s compensation. (Cf. ↑workmen s compensation) * * * noun [noncount] US : a system of insurance that pays an employee who cannot work because he or she has been injured while working called also workers comp …   Useful english dictionary

  • workers' compensation — n. 1. a government sponsored insurance system, funded by contributions from employers, for compensating employees for injury or occupational disease suffered in connection with their employment 2. compensation given under such a system …   English World dictionary

  • workers’ compensation — n. A system of benefits provided by employers to employees who are injured on the job. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Workers' Compensation — A state sponsored system that pays monetary benefits to workers who become injured or disabled in the course of their employment. Sick pay may qualify as workers compensation under certain conditions. Workers compensation first appeared in the… …   Investment dictionary

  • workers' compensation — money paid to an employee to compensate for injuries received in connection with their work. All employers must insure against claims for this kind of compensation. Glossary of Business Terms * * * workers compensation UK US noun [U] also… …   Financial and business terms

  • workers compensation — /wɜkəz kɒmpənˈseɪʃən/ (say werkuhz kompuhn sayshuhn) noun 1. an insurance scheme for employers to cover compensation to employees suffering injury or disease in the course of or arising out of employment or during their journey to or from work. 2 …   Australian English dictionary

  • workers'compensation — work·ers compensation (wûrʹkərz) n. Payments required by law to be made to an employee who is injured or disabled in connection with work. * * * …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.