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Workers' Compensation Coverage
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Premium
The amount of money that an employer must pay to their workers' compensation insurance policy, usually calculated based on payroll and risk classification.
Claims Adjuster
A professional employed by an insurance company to investigate, analyze, and determine the extent of the insurance company's liability concerning personal injury claims.
Indemnity Benefits
Payments made to an employee to compensate for losses caused by a work-related injury or illness. This may include compensation for lost wages, disability, or death benefits.
Experience Modification
A factor used to adjust workers' compensation insurance premiums, based on the loss history of the employer compared to the average in the industry.
Medical Benefits
Coverage for the cost of medical care that is required as a result of a work-related injury or disease, without limitation as to the amount or duration of the medical care.
Return-to-Work Program
A program designed to help workers who have been injured on the job return to work, either in a modified or full capacity, as soon as medically possible.
First Report of Injury
A report that must be filed by employers to begin the workers' compensation claim process. This report documents the employee's work-related injury or illness.
Vocational Rehabilitation
A process intended to help injured workers who are unable to return to their previous employment obtain skills for a new job.
Permanent Partial Disability (PPD)
A benefit paid to an employee who has sustained an injury resulting in a permanent impairment but can still work in some capacity.
Waiting Period
The time period an injured worker must wait after an injury before they begin receiving wage replacement benefits. This period is usually a few days long.
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