 The topic which we are going to discuss is about workers' compensation with relevant to insurance. It has been seen in different organizations, whenever the employees are paid compensation and it is remained the part of insurance. For example, here I have written, the cost associated with workers' compensation must be borne by the employer of the organization and it has been also seen this cost is part of overhead expenses of the employer in the organization. In addition to, employers must also ensure that cost will be paid even if they go out of the business. This means that even if the employer leaves the business, the cost of employee's compensation that he has to pay, he has to pay for it. The answer of the most employer in his workers' compensation insurance, it has also been seen that the workers' compensation has been treated and dealt with through insurance. The common point here is that the compensation plan made by the employer has been taken through three types of compensation. For example, common threat woven through all the various compensation laws is a requirement that employers carry compensation insurance. It has been also seen that there are three types of compensation. Number one, state funds compensation. Number two, private insurance compensation and last self insurance. Worker's compensation insurance. It is common to see this from this point of view that the workers' compensation has to be determined in it. How will that compensation be paid? Who will pay? How much will pay? When will pay? How will pay? What will we compensate for? What will we pay? Will this case be handled in court? Will there be any arbitrator who will see it from this point of view? All these things are discussed in terms of compensation. The solution is found and managed. Here in this slide, I would like to tell you that there are some methods of implied compensation. Those are the count counts of how this compensation will be calculated. Number one, schedule rating. Number two, manual rating. Number three, experience rating. Number four, extra-spective rating. Number five, premium discounting. The last point is combination method. In six points, it is important to see that we have to pay the premium amount of compensation and how to calculate it. The most important point of calculation is that whatever amount you are paying, whether it is one penny or one million, it will be seen in this angle that you should pay the implied amount in every way. If you do not pay the implied amount in every way, then the cost of the cases of the sue in the court will be higher than that of compensation. To avoid that, we pay the implied compensation. Resolution of workers' compensation dispute. Bus cut implied is also not willing to pay compensation and implied is willing to get compensation. So where will the problem arise? The problem will arise here that one of the fundamental objectives of workers' compensation is to avoid costly time-consuming litigation. If the matter goes to the court, then time and cost will be involved and the expense of litigation will be involved. To avoid these things, whether this objective is being accomplished is questionable or not. For this reason, the United States of America has some arbitration offices where it is ensured that the employer, the employee, has to find a solution between the two. Resolution of workers' compensation dispute. Bus cut is also seen that the employee wants compensation of what type of compensation. Bus cut becomes a disability. In the next slide, I will go and tell the students what type of disability can be. But the important point here is who will count the compensation. Will it be weekly compensation? Will it be monthly compensation? What will be the benefits? Will you pay compensation on the life term basis? Bus cut becomes a disagreement between these things. Most states have an arbitrator in the United States of America. The reason behind this is that the employer and the employee will not go to the court. Instead, they will go to the arbitrator and the arbitrator will listen to both and find a solution. Injuries and workers' compensation. If we look at the workers' compensation and the employee's injury, there are two things that are very deep. While looking at the nature of the injury, the employee is compensated. If there is a permanent disability, then the compensation is increased so that the employee can spend the rest of his life in a better way. The original workers' compensation concept and the original compensation for workers who were injured in an on-job accident. If the employee is in an on-job accident and the injury is caused by an injury, then the company will be compensated the most. What constituted an accident varied from state to state in the United States of America? It can be compensated in one place with $1,000. If the same injury happens in another state, then you can pay $5,000. This can happen. Why? Because the state to state is a little bit different. Disabilities and workers' compensation. I would like to tell you about these students. In the first case, the employee can have permanent total disability. In this case, compensation will be the most. In the second case, there can be permanent partial disability. That is, because of your injury, you can have a permanent partial disability. That is, because of your injury, you can have permanent partial disability. In this case, you can be compensated. Temporary total disability. And in the last case, temporary partial disability. This is the least. In the last case, you can be compensated. Because this disability is partial and temporary. This is not permanent. After getting few medications, you may be recovered fully. But in this case, the employee can be compensated. So that the employee doesn't feel that the organization is not telling me back. And this is the last slide. The compensation I was discussing. Disabilities and workers' compensation. If you look at it, dear students, there are four approaches used here. To handle the concept of disabilities. There are four concepts. There are three theories, which are commonly used to deal with disabilities and workers' compensation. Whole person theory. Number two. Wage loss theory. Number three. Loss of wage-earning theory. If you look at these three theories, they are related to employee compensation. Number one. Number two. Due to the possibility of disability, employee can't get benefits in that way. He can't continue his job in the yoga routine. Because of this, these three theories in case of any disabilities implies must be provided compensation.