Workers compensation is a kind of insurance that provides the employees compensation for medical care in case of injury in the course of employment. Of course all that comes to the employees for a rather high price, for mandatory relinquishment of their rights to sue their employer for the tort of negligence. This way, the employees get a guaranteed but limited coverage for any injury that happens while working for their employer. Workers compensation laws vary from one state to another. Like everything, workers compensation does have its ups and downs as well.
According to the workers compensation plan, weekly payments substituting the salary in case an employee has been injured while at work and compensations for the expenditure met by the employee for the hospital expenses are awarded. As we can see, workers compensation acts exactly like a disability insurance policy and a health insurance policy at the same time.
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