Skip to main content
Insurance

Workers compensation

Workers' compensation is a type of insurance that covers the cost of medical treatment and rehabilitation for employees who have been injured on the job. It also provides financial support for lost wages during the period of recovery. This form of insurance is mandatory for most employers and is designed to protect both the workers and the company. It ensures that employees receive proper care and compensation, while also protecting the employer from potential lawsuits. In the unfortunate event of a workplace injury, workers' compensation is a valuable safety net for both parties involved.

Related terms

Guaranteed Term

Understand the meaning and definition of Guaranteed Term in the context of stock market, trading, and investments.

MORE
Public adjuster

Understand the meaning and definition of Public adjuster in the context of stock market, trading, and investments.

MORE
Endowment Plan

Understand the meaning and definition of Endowment Plan in the context of stock market, trading, and investments.

MORE
Occurrence policy

Understand the meaning and definition of Occurrence policy in the context of stock market, trading, and investments.

MORE
Premature death

Understand the meaning and definition of Premature death in the context of stock market, trading, and investments.

MORE
Rated

Understand the meaning and definition of Rated in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91