Workers Compensation Insurance
Definition: Workers Compensation Insurance is a form of business insurance aimed to protect employees from work-related illnesses and injuries.
It is a policy which covers employers and employees injured as a consequence of a misfortune on the job, decreasing employee employability.
Some of the benefits included in this policy are: medical expenses, death benefits, lost wages, and vocational rehabilitation. Typically in exchange for (mandatory) relinquishment of the employee's right to sue his or her employer for the tort of negligence.
More on insurance: Business Insurance, Business Interruption Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Insurance, more...
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