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Workers Comp Vocab
Question | Answer |
---|---|
Base Period | A period of time used to determine eligibility for unemployment insurance benefits. |
Benefit Period | A specified amount of time during which benefits will be paid. |
Claimant | Individuals who meet a states eligibility requirements for benefits. |
Death benefit | The payment made to beneficiaries and/or survivors upon the death of the insured |
Fidelity Bond | Protection for the employer against loss caused by the dishonest or fraudulent acts of employees |
Fraud | Deception for the purpose of unlawful gain. |
No-fault Insurance | Insurance that provides compensation no matter which party is liable |
Occupational Health and Safety Administration (OSHA | A federal agency that sets health and safety standards for the workplace |
Repetitive Stress Injury | A possible workplace injury resulting form performing the same activity repeatedly over a period of time. |
Surety Bond | Monetary compensation in case of failure by bonded persons to perform certain acts. |
Unemployment Insurance | Temporary payments to eligible workers who lose their jobs |
Workers Compensation | Insurance that pays benefits to workers who suffer work –related injury of illness. |