1. Home
  2. Business & Finance
  3. Small Business: Canada
Worker's Compensation Insurance
<Back to Last Page>     <Full Glossary>

 Related Terms
• Business Continuity Planning
• Business Interruption Insurance
• Business Plan
 
 
Definition: Insurance that protects employees from work-related illness and injury.

If you are a Canadian employer, it's mandatory that you register with the Worker's Compensation Board in your province or territory, and pay insurance premiums based on your industry classification.

Also Known As: Worker's Comp, WC.

Examples: Workers' compensation insurance protects employers from claims resulting from injuries to employees.

Alternate Spellings: None.

Common Misspellings: Workmens compensation insurance.

Related Resources:

Guide To Worker's Compensation Insurance
Learn more about the Worker's Compensation Act and how to register for Worker's Compensation Insurance in different provinces and territories.

Do You Have The Business Insurance You Need?
A guide to the different types of business insurance, such as business interruption insurance, disability insurance, and key people insurance.

Insurance For Small Businesses
Information about insurance relevant to small business owners, from professional liability through business interruption insurance.

Elsewhere on the Web:

Association of Worker's Compensation Boards Of Canada
Non-profit organization that works to increase understanding of workplace safety and worker's compensation.

Canadian Centre For Occupational Health And Safety
Canada's national centre for occupational health and safety information.


<Back to Last Page>     <Full Glossary>
Explore Small Business: Canada
About.com Special Features

10 Things You Can Do Today to Improve Your Credit

Easy steps to take control of your credit card debt. More >

Holiday Central

What to eat, where to go, fun things to do and how to save money on the perfect gifts. More >

  1. Home
  2. Business & Finance
  3. Small Business: Canada

©2009 About.com, a part of The New York Times Company.

All rights reserved.