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Workers Comp Vocab

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.
Created by: Kountry