Worker's Compensation

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History of Worker's Compensation

History of Worker's Compensation


One of the earliest social insurance “worker compensation” implement throughout the United States. This insurance given to employees, who face injuries in the course of the employment; receive medical treatment, and benefit and expense ranging up to the wages of two third to swap lost income (Fishback, 2000).


Initially insurance comes into view of china around 3000 BC. This came into existence when merchant used to split their consignment in to several vessels in order to protect their investments by dividing any occurrence of the losses among them. This system further sustained and new ...
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