Workers' Compensation, Unemployment Insurance, and Life Insurance: A Comprehensive Guide
Classified in Law & Jurisprudence
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OSHA
Government Agency for Workplace Safety
OSHA (Occupational Safety and Health Administration) is a government agency that sets and enforces worker safety standards. They conduct periodic inspections, act on reported safety violations, and may impose fines on employers for major violations.
Workers' Compensation (WC)
Insurance for Workplace Injuries and Illnesses
Workers' compensation (WC) is insurance provided by employers to protect employees who suffer work-related injuries or illnesses. Coverage varies by state but generally includes:
- Medical expenses from work-related injuries
- A percentage of lost wages
- Death benefits for survivors
- Lump-sum or long-term benefits for life-changing accidents
Death Benefit
A death benefit is compensation paid to the... Continue reading "Workers' Compensation, Unemployment Insurance, and Life Insurance: A Comprehensive Guide" »