workers' compensation

noun

variants or less commonly workers' comp

-ˈkämp 

: a system of insurance that reimburses an employer for damages that must be paid to an employee for injury occurring in the course of employment

Examples of workers' compensation in a Sentence

Recent Examples on the Web

Small business owners who handle timekeeping and workers' compensation manually add countless hours to their already extensive administrative load. —Sean Manning, Forbes, 22 Oct. 2024

Stream, a workers' compensation medical document management startup, raised a $5.3 million seed, CEO Eric Yen tells Axios exclusively. —Aaron Weitzman, Axios, 9 Oct. 2024

Business insurance: Get workers' compensation insurance to protect both your business and your employees. —Allbusiness, Forbes, 26 Sep. 2024

In the ongoing debate about AI's impact on employment, a surprising twist could emerge in the workers' compensation (workers' comp) insurance sector. —Robert Clark, Forbes, 10 Sep. 2024

Word History

First Known Use

1925, in the meaning defined above

Legal Definition

workers' compensation

noun

work·​ers' compensation

1

: compensation for injury to an employee arising out of and in the course of employment that is paid to the worker or his or her dependents by an employer whose strict liability for such compensation is established by statute

Note: Where established by statute, workers' compensation is generally the exclusive remedy for injuries arising from employment, with some exceptions. Workers' compensation statutes commonly include explicit exclusions for injury caused intentionally, by willful misconduct, and by voluntary intoxication from alcohol or illegal drugs.

2

: workers' compensation insurance