Workers’ Compensation Definition
Workers’ compensation is a form of insurance offered by employers to provide medical benefits for employees in cases of work-related injuries or sickness.
Workers’ Compensation Extended Definition
Workers’ compensation is an insurance system adopted to compensate government and private employees for occupational hazards like sickness and physical injuries.
Each state in the U.S. has independent laws on workers’ compensation to handle claims from company employees. Regardless of whether the employer or employee was responsible for the injury, workers’ compensation covers medical expenses, lost pay, and other losses.
What Is Workers’ Compensation Insurance?
Last Updated By
Rachel Blakely-Gray | May 01, 2023