Workers' Compensation

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Description

A mandated insurance program insuring workers against job-related injuries. Premiums are charged to employers as a percentage of the employees' wages and salaries. The amounts vary by countries and by the employees' occupations but, in some cases, can be very substantial.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Workers%27 Compensation

Learning Material

Covered in Topic(s)

 
Liabilities
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