Worker's compensation has become a major aspect to employers and employees within today's workplace. When an employee becomes ill, injured, or dies due to causes within the work place the employee, or the employee's family is entitled to collect benefits from worker's comp. Not so many years ago employees could have been totally neglected by employers. Now, all fifty states and the federal government have some type of worker's compensation law. Therefore, numerous different workers' comp policies and laws now give employees a sense of security after getting injured within the workplace.
Workers Compensation is an employer financed, no-fault insurance, which compensates employees who have been disabled due to work-related injury or disease. Workers compensation is a state-mandated insurance system that pays benefits to workers injured on the job to cover medical care, part of the lost wages and permanent disability. The employers will receive immunity from civil lawsuits by employees over such workplace injuries. Employers can meet their workers compensation obligation by purchasing insurance or by becoming a state-certified self-insurer.
Workers compensation was traced from the origins back to Germany. Chancellor Otto Von Bismarck introduced a compulsory state run accident compensation system in 1884. It was first instituted in the United States, in response to serious societal problems caused by a dramatic rise in the number of people injured in industrial settings.
Before workmen's' comp the only way for an injured worker to gain any compensation to pay for medical expenses and loss of employment income, was to hire a lawyer and prove negligence or malice as fa ...