Statutory coverages
Term · Insurance and risk management · MLC-T-INS-003183
The minimum benefits that an employer is required by law to provide to injured employees under a state's workers' compensation act. These mandated benefits include medical treatment, wage replacement for lost time, vocational rehabilitation, and death benefits for dependents. The specific types and amounts of statutory coverages are dictated by the workers' compensation laws of the jurisdiction where the employee is covered, and they cannot be waived by the employer or employee.
| Identifier | MLC-T-INS-003183 |
|---|---|
| Field | Insurance and risk management |
| Subject | Workers Compensation |
Record as JSON
{
"id": "MLC-T-INS-003183",
"term": "Statutory coverages",
"field": "Insurance and risk management",
"definition": "The minimum benefits that an employer is required by law to provide to injured employees under a state's workers' compensation act. These mandated benefits include medical treatment, wage replacement for lost time, vocational rehabilitation, and death benefits for dependents. The specific types and amounts of statutory coverages are dictated by the workers' compensation laws of the jurisdiction where the employee is covered, and they cannot be waived by the employer or employee.",
"subject": "Workers Compensation",
"url": "https://mlchart.com/terminology/insurance/statutory-coverages/"
}
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