workers' compensation

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Related to Worker's comp: Workers Compensation insurance

work·ers' compensation

(wûr′kərz)
n.
Payments required by law to be made to an employee who is injured or disabled in connection with work.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
Boggs, executive director of the Big I Virtual University for the Independent Insurance Agents & Brokers of America Inc., isn't sure agents would want to take businesses from companies that don't have a problem buying a product that's as intricate and crucial as worker's comp online.
Overall, Fitch says given worker's comp represents 18 percent of the P&C industry commercial lines net written premium, coupled with market hardening and underwriting improvements promoting earnings stability, Fitch says insurers are viewed "favorably from a credit perspective."
Provides: Chiropractic, dance class, dental, FICA/MC, health insurance, shoe allowance, worker's comp.
Sometimes, an employee is off on Worker's Comp leave under state law, and if that leave hasn't been designated as a Family and Medical Leave Act leave, there is nothing to prevent that employee from taking unpaid FMLA leave on top of Worker's Comp leave.
This one injury could cost a company an additional $100,000 in legal fees resulting from worker's comp claims.
Nevertheless, Thompson's worker's comp rates will increase approximately 30 percent this year.
According AJ Longo Insurance Brokers, a worker's comp industry watcher, CIGA at one point had a deficit in the workers' comp fund of $4 Billion, while the past 20 years of employer assessments have ranged from 1 percent to 2.6 percent of premium.
Great article by Bob Sanders on the worker's comp situation in New Hampshire ("Trouble on the workers' comp horizon?" Feb.
The worker's comp system there, for example, is upgrading its computer system and business processes to allow for the electronic filing of many items that now must be completed on paper forms.

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