Workers' compensation insurance
Workers' compensation insurance is insurance purchased by most employers to protect their employees against losses due to injury or death while on the job.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Workers' compensation insurance. Insurance purchased by most employers to protect their employees against losses due to injury or death while on the job.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
