Benefits
Workers Compensation
Insurance covering work-related injuries and illnesses.
Definition
Workers' compensation is insurance providing wage replacement and medical benefits to employees injured on the job. Unlike disability insurance for non-work injuries, workers' comp covers work-related incidents regardless of fault. All states require most employers to carry workers' comp insurance.
Quick Facts
- Term
- Workers Compensation
- Category
- Benefits
Related Terms
Helpful Resources
Explore More Terms
Short-Term Disability (STD)
Insurance providing wage replacement during temporary medical leave.
Long-Term Disability (LTD)
Insurance providing wage replacement for extended medical conditions.
State Disability Insurance (SDI)
State-mandated programs providing temporary disability benefits.
Holiday Pay
Compensation for company holidays or work on holidays.
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