Workers' Compensation

NC

FIN 452

Table of Contents

Federal Compensation Programs

Workers Compensation………………3
Overview………………………3
History of Workers Comp……4
Basis and Regulation………….4
Suggestions for Improvement…8

Workers Compensation
Overview

Workers allowance is meant to protect employees from loss of income and to cover extra expenses associated with job-related injuries or illness. Accidents in which the employee does not lose time from work, accidents in which the employee loses time from work, unorthodox partial disability, permanent partial or total disability, death, occupational diseases, non-crippling physical impairments, such as deafness, impairments suffered at employer-sanctioned events, such as social events or during travel to organization business, and injuries or disabilities credited(predicate) to an employers gross negligence are the types of injuries and illnesses most a great deal covered by workers stipend laws. Since 1955, several states have allowed workers compensation payments for job-related cases of anxiety, depression, and certain mental disorders (History of Workers Compensation 1).



Although some form of workers compensation is available in all 50 states, specific requirements, payments, and procedures substitute among states.
Certain features are common to virtually all programs: The laws in general provide for the replacement of lost income, medical expense payments, reclamation of some sort, death benefits to survivors, and lump-sum disability payments. The employee does not have to serve the employer to get compensation. The compensation is normally paid through an redress program financed through premiums paid by employers. Workers compensation restitution premiums are based on the accident and illness translate of the organization. If an organization has a large number of unpaid claims the solvent will be higher premiums. Medical expenses are commonly covered in full under workers compensation laws. It is a no-fault...If you want to get a full essay, order it on our website: Ordercustompaper.com



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