Risk and Insurance Terms

Chapter 18
Workers Compensation - 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
Assumption of risk doctrine - Defense against a negligence claim that bars recovery for
damages if a person understands and recognizes the danger inherent in a particular
activity or occupation.
Contributory negligence doctrine - failure of an injured plaintiff to act prudently,
considered to be a contributory factor in the injury suffered, and sometimes reducing the
amount recovered from the defendant.
Exclusive remedy doctrine - A rule which states that employees who are injured on the
job are entitled to workers' compensation benefits, but they cannot sue their employers
for additional amounts.
Fellow servant doctrine - Precludes an injured employee from recovering damages from
his employer when the injury resulted from the negligent act of another employee.
Liability without fault - Principle on which workers compensation is based, holding the
employer absolutely liable for occupational injuries or disease suffered by workers,
regardless of who is at fault.
AIME - Aime is a commune in the Savoie dpartement in the Rhne-Alpes region in
south-eastern France. In 1972, the former communes of Longefoy, Tessens and Villette
were merged with Aime.
Credit (quarter of coverage)
Medicare Part A - Medicare hospital insurance that pays for inpatient hospital stays, care
in a skilled nursing facility, hospice care, and some home health care.
Medicare Part B - Medicare coverage helps pay for physician services, medical supplies,
and other outpatient services not paid for by Medicare Part A.
Means test - an official investigation into someone's financial circumstances to determine
whether they are eligible for a welfare payment or other public funds.
PIA An organization that assists people in making their decision for whether or not to
take the insurance that is offered. The organization does not help people who cannot
afford insurance and is not able to pay for their stuff out of pocket.

OASDI - In the United States, Social Security is the Old-Age, Survivors, and Disability
Insurance federal program. The original Social Security Act and the current version of the
Act, as amended, encompass several social welfare and social insurance programs
Unemployment insurance - Unemployment benefits are social welfare payments made by
the state or other authorised bodies to unemployed people. Benefits may be based on a
compulsory para-governmental insurance system