workers' compensation insurance

workers' compensation insurance definition - business

workers' compensation insurance

Medical and disability insurance coverage that employers are required to provide to employees who may encounter job-related accidents or illnesses. Laws governing workers' compensation vary by state, but coverage is likely to include lost-wage benefits, medical and rehabilitation benefits, and benefits to dependents in the case of an employee death.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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