workers' compensation

workers' compensation
money paid to an employee to compensate for injuries received in connection with their work. All employers must insure against claims for this kind of compensation. Glossary of Business Terms

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workers' compensation UK US noun [U] also INFORMAL workers' comp)
HR, WORKPLACE in the US, money or insurance that a company provides to help workers who are injured while at work: »

the law relating to the system of workers' compensation

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workers' compensation insurance/rates/benefits

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Small businesses often cannot offer unemployment pay or workers' comp.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Workers' compensation — (colloquially known as workers comp in North America or compo in Australia) a form of insurance that provides compensation medical care for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the… …   Wikipedia

  • workers' compensation — work·ers compensation n 1: compensation for injury to an employee arising out of and in the course of employment that is paid to the worker or dependents by an employer whose strict liability for such compensation is established by statute ◇… …   Law dictionary

  • workers' compensation — n. 1. a government sponsored insurance system, funded by contributions from employers, for compensating employees for injury or occupational disease suffered in connection with their employment 2. compensation given under such a system * * *… …   Universalium

  • workers' compensation — workers compensation, = workmen s compensation. (Cf. ↑workmen s compensation) * * * noun [noncount] US : a system of insurance that pays an employee who cannot work because he or she has been injured while working called also workers comp …   Useful english dictionary

  • workers' compensation — n. 1. a government sponsored insurance system, funded by contributions from employers, for compensating employees for injury or occupational disease suffered in connection with their employment 2. compensation given under such a system …   English World dictionary

  • workers’ compensation — n. A system of benefits provided by employers to employees who are injured on the job. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • workers' compensation —    Rights that are found in various Workers Compensation Acts, state statutes that establish the liability of employers for injuries to workers that are sustained on the job or illnesses that result from their employment, and that require… …   Business law dictionary

  • Workers' Compensation — A state sponsored system that pays monetary benefits to workers who become injured or disabled in the course of their employment. Sick pay may qualify as workers compensation under certain conditions. Workers compensation first appeared in the… …   Investment dictionary

  • Workers' Compensation Acts — State statutes that 1) require employers to purchase insurance to protect their workers and 2) establish the liability of employers for injuries to workers while on the job or illnesses due to the employment. Workers compensation is not based on… …   Law dictionary

  • workers' compensation insurance — n: insurance purchased by an employer or created through self insurance that provides coverage for workers compensation claims by injured employees Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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