MNO3706
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO.
DUE DATE: 2025
, Safety Management III B
1. Objectives of Worker’s Compensation
Financial Protection for Workers: Ensures injured employees receive medical
care and income replacement during recovery.
Employer Protection: Protects employers from costly lawsuits by providing a
standardized system of compensation.
Encouragement of Workplace Safety: Motivates employers to maintain safer
working environments to reduce claims and costs.
Rehabilitation Support: Provides access to rehabilitation services to help injured
employees recover and return to work.
Fair and Quick Resolution: Offers a straightforward process for resolving claims
without lengthy court cases.
Social Security: Acts as a safety net for workers and their families against the
financial hardships of workplace injuries.
2. Who Pays Compensation?
Employer Responsibility: Since workplace risks and hazards arise from
employment, the employer bears responsibility.
Insurance Coverage: In most systems, employers contribute to a workers’
compensation insurance fund, which pays benefits when claims are made.
Indirect Costs: Ultimately, the costs may be passed on to the business through
premiums, or even reflected in product/service pricing.
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO.
DUE DATE: 2025
, Safety Management III B
1. Objectives of Worker’s Compensation
Financial Protection for Workers: Ensures injured employees receive medical
care and income replacement during recovery.
Employer Protection: Protects employers from costly lawsuits by providing a
standardized system of compensation.
Encouragement of Workplace Safety: Motivates employers to maintain safer
working environments to reduce claims and costs.
Rehabilitation Support: Provides access to rehabilitation services to help injured
employees recover and return to work.
Fair and Quick Resolution: Offers a straightforward process for resolving claims
without lengthy court cases.
Social Security: Acts as a safety net for workers and their families against the
financial hardships of workplace injuries.
2. Who Pays Compensation?
Employer Responsibility: Since workplace risks and hazards arise from
employment, the employer bears responsibility.
Insurance Coverage: In most systems, employers contribute to a workers’
compensation insurance fund, which pays benefits when claims are made.
Indirect Costs: Ultimately, the costs may be passed on to the business through
premiums, or even reflected in product/service pricing.
