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English definition of “workers' compensation”

workers' compensation

noun [U]
(also informal workers' comp)
HR, WORKPLACE in the US, money or insurance that a company provides to help workers who are injured while at work: the law relating to the system of workers' compensation workers' compensation insurance/rates/benefits Small businesses often cannot offer unemployment pay or workers' comp.
(Definition of workers' compensation from the Cambridge Business English Dictionary © Cambridge University Press)
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