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Definitions for: workers' compensation
workers' compensation

program providing payments, without regard to a finding of negligence of either party, to workers involved in specific job-related injuries. These laws were enacted so that the employee would not have to go through a long and arduous lawsuit and possibly not recover due to the employer's advantageous financial standing. Payments are specifically exempt from taxation.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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Industry Associations

Industry Associations
UWC - Strategic Services on Unemployment and Workers' Compensation
Works to serve the business community by promoting Unemployment Insurance (UI) and Workers' Compensation (WC) programs that provide fair benefits to workers at affordable cost to employers and the community.

Members: 238
Founded: 1933