Podcast
Questions and Answers
What is the purpose of workers' compensation insurance?
What is the purpose of workers' compensation insurance?
To provide wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
What is the compensation bargain?
What is the compensation bargain?
The trade-off between assured, limited coverage and lack of recourse outside the worker compensation system.
Why was the system of collective liability created?
Why was the system of collective liability created?
To prevent employers from becoming insolvent as a result of high damage awards and to ensure security of compensation to the workers.
What is the significance of the compensation bargain?
What is the significance of the compensation bargain?
How does the system of collective liability prevent employers from becoming insolvent?
How does the system of collective liability prevent employers from becoming insolvent?
What problem did the compensation bargain solve?
What problem did the compensation bargain solve?
What is the role of workers' compensation in providing benefits to employees?
What is the role of workers' compensation in providing benefits to employees?
What is the trade-off that occurs with workers' compensation?
What is the trade-off that occurs with workers' compensation?
What problem did the system of collective liability aim to solve in regards to employers becoming insolvent?
What problem did the system of collective liability aim to solve in regards to employers becoming insolvent?
