WORKERS COMPENSATION EXAM 1
STUDY GUIDE QUESTIONS WITH
CORRECT ANSWERS!!
According to the text, workers' compensation costs are equivalent to what
percentage of a company's payroll? - ANSWER20%-30%
what is meant by the term "no fault" relative to workers' compensation? -
ANSWERThe employer agrees to pay for all injuries to employees regardless of
whose fault, and in turn, the employee gives up their right to sue the employer in
relation to the on-the-job injury
What are the objectives of workers' compensation, as discussed in class? -
ANSWER1. Relieve public & private charities of financial drains
2. Provides sure income and medical benefits to work-related accident victims, or
income benefits to their dependents. wage replacement is typically 1/3.
3. Provide a singe remedy and reduce court delays, cost, and workloads AOE
personal injury litigation
4. Eliminate payment of fees to lawyers and witnesses, as well as, time-consuming
trials and appeals
5. Encourage maximum employer interest in safety and rehabilitation through and
appropriate experience-rating mechanism
6. Promote frank study of causes of accidents, reducing preventable accidents,
reducing preventable accidents and human suffering
15.what is the difference between schedule injuries and non-scheduled injuries? -
ANSWER- "Schedule" Injuries - those listed in the law such as loss of specific bodily
members
- "Non-schedule" Injuries - those which are of a more general nature, such as back
and head injuries
What are the covered benefits under the medical benefits section of most workers'
compensation claims? - ANSWERfirst aid treatments, services of a physician,
surgical and hospital services, nursing and drugs, supplies, and prosthetic devices.
two other sources of medical benefits for the disabled worker are Social Security and
private disability programs.
Be able to describe the types of economic losses experienced by employees and
their families when a serious accident results in compensable injury to the employee.
- ANSWER1. Loss of earnings & Additional Expenses
2. If a worker dies because of a work-related injury or sickness, the survivors lose
the income the worker would have earned - less the amount spent on personal
STUDY GUIDE QUESTIONS WITH
CORRECT ANSWERS!!
According to the text, workers' compensation costs are equivalent to what
percentage of a company's payroll? - ANSWER20%-30%
what is meant by the term "no fault" relative to workers' compensation? -
ANSWERThe employer agrees to pay for all injuries to employees regardless of
whose fault, and in turn, the employee gives up their right to sue the employer in
relation to the on-the-job injury
What are the objectives of workers' compensation, as discussed in class? -
ANSWER1. Relieve public & private charities of financial drains
2. Provides sure income and medical benefits to work-related accident victims, or
income benefits to their dependents. wage replacement is typically 1/3.
3. Provide a singe remedy and reduce court delays, cost, and workloads AOE
personal injury litigation
4. Eliminate payment of fees to lawyers and witnesses, as well as, time-consuming
trials and appeals
5. Encourage maximum employer interest in safety and rehabilitation through and
appropriate experience-rating mechanism
6. Promote frank study of causes of accidents, reducing preventable accidents,
reducing preventable accidents and human suffering
15.what is the difference between schedule injuries and non-scheduled injuries? -
ANSWER- "Schedule" Injuries - those listed in the law such as loss of specific bodily
members
- "Non-schedule" Injuries - those which are of a more general nature, such as back
and head injuries
What are the covered benefits under the medical benefits section of most workers'
compensation claims? - ANSWERfirst aid treatments, services of a physician,
surgical and hospital services, nursing and drugs, supplies, and prosthetic devices.
two other sources of medical benefits for the disabled worker are Social Security and
private disability programs.
Be able to describe the types of economic losses experienced by employees and
their families when a serious accident results in compensable injury to the employee.
- ANSWER1. Loss of earnings & Additional Expenses
2. If a worker dies because of a work-related injury or sickness, the survivors lose
the income the worker would have earned - less the amount spent on personal
