Explain the basis behind workers compensation. What was the historical background that generated this line of insurance?

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Explain the basis behind workers compensation.

What was the historical background that generated this line of insurance?

How does workers compensation work in terms of coverage, rating and premium generation?

Define the aspect of compensability and 'contract' between the employer and employee.

What are the specific coverage components and what types of injuries does workers compensation cover?

How does employers' liability respond?

Related Book For answer-question

Public Finance and Public Policy

ISBN: 978-1429278454

4th edition

Authors: Jonathan Gruber

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Posted Date: Jan 18, 2021 05:09 AM

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Explain the basis behind workers compensation. What was the historical background that generated this line of insurance?

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Expert Answer:

Answer 1 The basic principle behind workers compensation is that as it is employers that profit from the labor of others they should bear the full cos... View the full answer

Public Finance and Public Policy

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