Workers’ compensation is a form of insurance providing wage compensation and medical support to employees injured in the due course of employment. This is in exchange for giving up of the employee’s right, as part of the requirement, to sue the employer for criminal negligence. This tradeoff is known as “the compensation bargain.” To learn more, visit us
Of course, however, Workers compensation is the last resort for an employer who has been pushed into such a position by fear of a lawsuit. Though this might sometimes genuinely be caused by undetectable or unforeseen circumstances, more often than not the likelihood of such incidents can be greatly reduced through proper and thorough training. This is where The College Network comes in
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General damages for pain and suffering and punitive damages for employer negligence are generally not available in most workers’ compensation plans available to workers today. For most workers however plans and packages that do include compensation are coveted and are considered far more secure for the worker compared to companies that take no initiative of this kind. Click here for details
The objective of the workers compensation scheme is to maintain a balance between providing benefits for injured workers while ensuring reasonable premium levels for employers. Determination of worker status affects both the premium insurance coverage and the decision by the insurer to accept a claim by a person injured in the course of their work.