Workers Compensation
Workers’ compensation, (or, “workers’ comp”) is a form of worker insurance that supplies wage replacement and medical coverage for individuals who are injured during their employment in exchange for the assurance that said employee will not sue their employer for negligence. Compensation plans vary between jurisdictions and can include many provisions such as: compensation for financial loss, reimbursement or payment of medical bills and expenses and benefits payable to the dependents of the employee if he or she is killed during employment. Workers’ comp was first enacted in the United Kingdom in 1897 with the United States beginning in 1902.