Workman's comp rates

Question

“The restaurant industry is deeply concerned about this. It totally changes the nature of the franchisee-franchisor relationship,” said Karen Bremer, executive director of the Georgia Restaurant Association. “It could have a significant effect on, gosh, wages, taxes, workman’s comp rates, insurance, you name it.”

In the above passage, what does 'comp rates' represent?

GPY · Accepted Answer

"compensation rate" -- it is a salary-related amount that is used as the basis for calculating workers' benefits such as sick pay.

Clive · Answer

workman's comp is short for workman's compensation.

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment. It is paid for by money paid into a fund by employers.
Look here for details.
http://en.wikipedia.org/wiki/Workers%27_compensation

Clive

Seagull · Answer

I understand.
Thank you so much, GPY.

Seagull · Answer

Thank you very much, Clive.
I'm now reading the wiki page you cited, and I think I've got the general idea of it.

GPY · Answer

By the way, I find it a bit strange that she says "workman's" rather than "workers'". In the UK, at least, a "workman" is someone who mends the road, or comes to fix your guttering, or something like that. I would never call a restaurant worker a "workman". Maybe it is different in the US.

Clive · Answer

Workman's comp is the common phrase I hear here in Canada.

GPY · Answer

CliveWorkman's comp is the common phrase I hear here in Canada.

Would you call a restaurant worker a "workman", or is it only "workman" in that set phrase?

Clive · Answer

I sometimes hear the word used for male construction workers.
That's about all.

Workman's comp rates

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