Whois & Analysis for gwccnet.com

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.

The trade-off between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain".

One of the problems that the compensation bargain solved is the problem of employers becoming insolvent as a result of high damage awards.

The system of collective liability was created to prevent that, and thus to ensure security of compensation to the workers.

Individual immunity is the necessary corollary to collective liability.

Casualty insurance is a problematically defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance.

Insurance is a means of protection from financial loss.

It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

In law, liable means "[r]esponsible or answerable in law; legally obligated." Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.

The claimant is the one who seeks to establish, or prove, liability.

Claimants can prove liability through a myriad of different theories, known as theories of liability.

Which theories of liability are available in a given case depends on nature of the law in question.

For example, in case involving a contractual dispute, one available theory of liability is breach of contract; or in the tort context, negligence, negligence per se, respondeat superior, vicarious liability, strict liability, or intentional conduct are all valid theories of liability.

In economics, cargo or freight are goods or produce being conveyed – generally for commercial gain – by ship, boat, or aircraft, although the term is now often extended to cover all types of freight, including that carried by train, van, truck, or intermodal container.

The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facility.