Workers Compensation A Type Of No-Fault Insurance Number
WorkersCompensation A Type Of No-Fault Insurance
WorkersCompensation as a Type Of No-Fault Insurance
Worker’sCompensationcan be summarized as a system of no-faultinsurancethat is designed to cater for medical paybacks and wage replacementto workers for any accident of disease related to the workers work.Workers’ compensation is regarded as a form of no-fault insuranceas, nofault systemsare meant to exempt the employees from the common accountability forinstigating injury. Just like the case of no-fault insurance,employee compensation offers compensation for injuries regardless ofthe injury incurred. Employee’s compensation resources are,naturally, run the same as ‘no-fault’ systems, but offered on afixed schedule for injuries compensation.
Additionally,workers’ compensation doesn’t require the employee to provenegligence, as employer’s three defenses are eliminated just likethe case with no-fault insurance (McConnell, 2011). Another aspectthat makes workers’ compensation a no fault system is that,employees aren’t required to prove whether it was anotheremployee’s fault in order to benefit from the plan.
Withreference to the workers’ compensation, this can be termed as anintegratedrisk management solution(McConnell, 2011). It is an integrative approach as workers’compensation has a defined way to be handled, that is well understoodby both the employee and the employer. Its policies are well defined.This is as a result of a fact that, the integration between theworkers compensation and no-fault insurance is a net benefit to theemployee, as he/she gets compensated for injuries sustained duringthe working process and in turn no cost incurred to cater for themedical bills. To the employer, workers’ compensation is a costthat he has to meet, which in turn is a benefit to the employee.
McConnell,C. (2011). No Fault of Her Own: Redressing Family Responsibilities
Discriminationin the State Unemployment Compensation Systems. LaborLaw Journal, 62(3),120-135.