workers' compensation insurance

[ wur-kerz kom-puhn-sey-shuhn in-shoor-uhns, in-shur-uhns ]

noun

1. insurance that employers are required to carry by law for the protection of their employees, to provide cash benefits and/or to pay for medical care when a worker is injured or becomes ill as a direct result of their job.

Word History and Origins

Origin of workers' compensation insurance¹

First recorded in 1975–80