Workers Compensation Insurance


Definition of "Workers compensation insurance"

Paul Almeida  real estate agent
Paul Almeida , Real Estate Agent Samson & Properties

Coverage providing four types of benefits (medical care, death, disability, rehabilitation) for employee job-related injuries or diseases as a matter of right (without regard to fault). This insurance is usually purchased by the employer from an insurance company, although in a few states there are monopolistic state funds through which the insurance must be purchased. The premium rate is based on a percentage of the employer's payroll and varies according to the employee's occupation.

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