workers' compensation insurance
- A type of policy bought by an employer, or established via self-insurance, which covers claims for workers' compensation made by employees who get injured on the job
- The construction company secures workers' compensation insurance to cover potential workplace injuries.
- Being a high risk job, mining companies are usually required to have a substantial workers' compensation insurance.
- If an employee gets injured while at work, the workers' compensation insurance would typically handle the medical bills and lost wages.
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