All about Workers Compensation Insurance

Written by Michael on . Posted in Workers' Compensation Insurance

The purpose of workers compensation insurance is to offer replacement for wages and take care of medical benefits in case of an injury or any negligence. The tradeoff that take place between assured and lack of recourse as well as limited coverage is referred to as the compensation bargain. These plans and regulations may differ among jurisdictions. These compensation can be made as weekly payments in place of wages and take care of any economic loss, medical expenses,  and benefits payable to the dependents of worker. Earlier, employer negligence was often not an issue in these cases and there was no compensation plan for any damages for pain and suffering caused to the worker for employer negligence.

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