Workers' Compensation Coverage B

Dictionary Says

Definition of 'Workers' Compensation Coverage B'


An insurance policy that covers medical care, lost income and rehabilitation costs for employees who are injured on the job. Workers Compensation Coverage B provides coverage to employees when the employer is liable. This type of workers' compensation is also called Employers' Liability Coverage. It covers:

Bodily Injury By Accident - $100,000 each accident
Bodily Injury By Disease - $500,000 policy limit
Bodily Injury By Disease - $100,000 for each employee

The coverage consists of parts A and B. Employers are required by law under the Workers' Compensation Act to provide coverage for their employees.

Investopedia Says

Investopedia explains 'Workers' Compensation Coverage B'


Under this type of coverage, workers who are injured on the job can be provided with 100% coverage of all medical expenses, 66.66% of lost wages, a lump sum for disability, and a disfigurement and death benefit. This coverage is required in most states if a company has three or more employees including the owners or uninsured subcontractors including their employees during one year.
comments powered by Disqus
Hot Definitions
  1. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  2. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  3. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  4. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  5. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  6. IPO ETF

    An exchange-traded fund that focuses on stocks that have recently held an initial public offering (IPO). The underlying indexes tracked by IPO ETFs vary from one fund manager to another, but index IPO ETFs are usually passively managed and contain equities that have recently been offered to the public.
Trading Center