workers' compensation
Definition
Financial support system established under law to provide income, medical care, and rehabilitation to employees for illness, injury, or death arising out of, and in the course of, their employment—whether or not the employee was at fault. These benefits are claimed by the employees (or their dependents) as a matter of right and the employer cannot resort to any legal defense. Amount paid as compensation is based on the salary of the employee (also on the number of his or her dependents in some jurisdictions) and is usually subject to a specified maximum. In most countries, this system is compulsory although agricultural and domestic workers are generally excluded. Also called workmen's compensation.
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workers' compensation is in the Accounting & Auditing, Corporate, Commercial, & General Law and HR, Teams, & Training subjects.
workers' compensation appears in the definitions of the following terms: employee benefits, disability benefit, workers' compensation insurance and workmen's compensation
workers' compensation appears in these other term: workers' compensation law
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