Definition of Workers Compensation
Workers' compensation or Workman's Comp as it was originally called is a no-fault, business type of insurance that protects workers who sustain a work-related injury or illness. A work-related injury or illness is one that arises out of and occurs in the course of a worker doing their job for their employer. As long as a worker's injury or illness is work related, it does not matter whose fault the event or incident is that brings about the worker's injury or illness. This is what is meant by workers' compensation being a no-fault type of insurance. When it comes to workers' compensation, fault is not an issue.
Workers' compensation is the exclusive remedy that a worker has against their employer for a work-related injury or illness. This means that a worker is not allowed to bring a personal injury lawsuit against their employer. In exchange for this, an employer has to provide workers' compensation benefits for almost any work-related injury or illness that a worker suffers. These benefits include all reasonable and necessary medical care and treatment for as long as a worker has to have it, compensation for lost wages, vocational rehabilitation and death benefits to eligible dependents in the event of a worker's death from a work-related injury or illness.