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Workers Compensation insurance is a system to
provide medical care and compensation to injured workers on a
no-fault basis. In the United States, this system is largely
administered through the use of mandatory insurance coverage imposed
upon employers. A few states maintain so-called "monopoly" systems
administered directly by state government, and some states operate
state funds that compete with private insurance. The majority of
U.S. jurisdictions operate by mandating that employers purchase
insurance that provides the statutory benefits to workers
Workers' compensation insurance covers injuries
and occupational diseases picked up at work. Fault doesn't matter;
employers are liable even if the employee may have contributed to
the injury or illness. It's required in every state except Texas,
and specifics vary from state to state.
Workers' comp can cover all these areas:
- Injuries or loss of limbs
- Diseases like emphysema or repetitive motion
- Injury inflicted at work
- Medical treatment
Rehabilitation needed so workers can return to work
- Lost wages (up to two-thirds of the employee's salary)
- Death
- Liability insurance for the company for lawsuits filed by injured
employees
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