Workers Compensation Insurance

What is Workers Compensation Insurance?

In the US, workers compensation insurance cover is used by businesses to provide insurance cover for the costs of statutory and legal obligations for employees who have suffered an injury or illness resulting from work related duties.

The workers compensation insurance policy normally covers loss of wages, medical and rehabilitation costs for the injured employee.

For further information on workers compensation cover see the Wikipedia definition.

Learn a new bookkeeping term

Random bookkeeping terms for you to discover.

Link to this page

Click in the box and paste this workers compensation cover definition link to your site.

Return to the Dictionary

Last modified March 23rd, 2016 by Team

You May Also Like