disabled due to injury or illness sustained while in the performance of duty.
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
Federal Employees Compensation Act (FECA) provides compensation benefits to federal employees who are:
disabled due to injury or illness sustained while in the performance of duty.
disabled due to injury or illness sustained while in the performance of duty.
it provides a good compensation to thier employees
it provides a good compensation to thier employees
No, they are very different. General liability covers non-employee visitors to the workplace; consider it slip-and-fall insurance. Workers compensation coverage is only for workers in the course and scope of employment, even if working away from the shop. Stated otherwise, you might want to think of general liability insurance as "third-party" coverage; it provides benefits to third-parties who or which may be injured by the negligence of the insured or by those for whom the insured is legally responsible. In that sense, it is similar to other forms of liability insurance. It provides both indemnity benefits (usually, it pays on behalf of the insured those damages for which the insured is legally liable), and it provides a defense, meaning that the insurer is responsible for hiring and paying a lawyer to defend the insured. In return, the insurer gets to direct the defense (determine strategy, decide whether or not to settle, etc.). In contrast, workers compensation insurance is provided by an employer for the benefit of employees, and is typically required by law (although different states have different rules as to how many employees are required to make workers compensation coverage mandatory). For the most part, workers compensation benefits are the sole remedy of an employee who is injured within the course and scope of his/her job duties. Again, for the most part, workers compensation benefits are payable to the employee without regard to his/her fault for the occurrence. The benefits consist of a percentage of the employee's lost wages and payment of medical expenses. The employee or the worker's compensation insurer usually has the right to control the medical care that is rendered.
A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. It then leases them back under contract to the original employer. This practice is known as co-employment, employee leasing, or staff leasing.
Workers' compensation is a type of insurance that provides financial benefits to employees who suffer work-related injuries or illnesses. It covers medical expenses, rehabilitation costs, and a portion of lost wages for the injured worker. The purpose of workers' compensation is to ensure that employees are protected and provided for in the event of a workplace accident or injury.
A 401(k) retirement plan is a defined contribution pension account for employees. Employers can make contributions to the plan by deducting it from the employee's paycheck pre-taxation which provides the employee with pension plan with tax benefits.