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Meaning of “workers' compensation” in the English Dictionary

"workers' compensation" in Business English

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workers' compensationnoun [U]

uk   us   (also informal workers' comp)
HR, WORKPLACE in the US, ​money or ​insurance that a ​companyprovides to ​helpworkers who are ​injured while at ​work: the ​lawrelating to the ​system of ​workers' ​compensation workers' ​compensationinsurance/​rates/​benefits Small ​businesses often cannot ​offerunemploymentpay or ​workers' comp.
(Definition of workers' compensation from the Cambridge Business English Dictionary © Cambridge University Press)
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