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Workers Compensation

oboloo Glossary

Workers Compensation

Workers Compensation is an insurance program designed to protect employees who have suffered a job-related injury or illness. It provides for medical care, lost wages, and other benefits as needed. It also covers legal fees if an employee sues their employer over their injury or illness. Workers Compensation laws are in place to ensure that employees are adequately compensated for any injuries or illnesses that occur as a result of their work activities. This includes obvious risks such as workplace hazards and accidents, as well as any long-term exposure to hazardous materials or environments. By providing financial resources to those employees injured in the course of their work, employers can both protect themselves from costly litigation and provide fair compensation to those affected by workplace incidents.

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