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Employees Compensation Laws There are different organizations in the world which offer different conditions for their workers at the work place. Workers in many parts of the world may have similar packages for some instances though some specific ones differ depending on the employer. For instance, medical covers are a common phenomenon in different countries and different companies. It is possible that in the course of working, a worker could get injured. Such injuries necessitate some form of compensation agreement between the employer and the worker. The agreement between employers and workers on compensation is one area that has caused controversies for many years. Years back many cases would be filed at courts of law on compensation after work place accidents. Compensations granted by courts of law would sometimes run into millions of dollars. The hefty fines placed on employers would cause huge damages since some of them ended up folding up their businesses or declaring bankruptcy. It is this situation that necessitated the creation of an insurance policy to cushion both the worker and the employer. Worker compensation insurance is an insurance policy that creates medical covers for workers after injuries in exchange for the right to sue employers. In a bid to secure this form of insurance, legislation have been put in place in different countries of the world. Judiciaries in different parts of the world have studied and implemented such legislation so as to apply them in court cases. Lawyers have also specialized in handling of such matters using the legislation in place.
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The trade-off between workers and employers using workers compensation laws was primarily meant to cushion both workers and employers in case of accidents at the work place. Financial benefits are the main forms of benefit to workers who get injured at the work place. The policies protect employers from huge financial losses in terms of court fines after being sued by injured workers. This mutual agreement for instance has seen many companies in Atlanta, Georgia work in harmony with their employees for very long.
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In some states like Georgia, common law has for some time been used to handle such matters. However, such common law does not cover every aspect hence the need for workers compensation laws. An example of how common law works is in the installing the task of ensuring workers have a safe working place purely on the shoulders of employers. In this way, common law brings about protection before anything bad happens. With such common law provisions, it is possible for a worker to sue on negligence in a court of law. If workers are wounded in a situation where the employer did not provide the best working conditions according to common law, then judicial remedy can be sought by the worker in question.