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| C121 | |
|---|---|
| ILO Convention | |
| Date of adoption | July 8, 1964 |
| Date in force | July 28, 1967 |
| Classification | Employment Injury Benefit |
| Subject | Social Security |
| Previous | Hygiene (Commerce and Offices) Convention, 1964 |
| Next | Employment Policy Convention, 1964 |
Employment Injury Benefits Convention, 1964 is an International Labour Organization Convention.
It was established in 1964, with the preamble stating:
Having decided upon the adoption of certain proposals with regard to benefits in the case of industrial accidents and occupational diseases,...
The convention revised:
As of 2022, the convention had been ratified by 24 states.
| Country | Date | Status |
|---|---|---|
| Belgium | 22 Apr 1970 | In Force |
| Bolivia | 31 Jan 1977 | In Force |
| Bosnia and Herzegovina | 02 Jun 1993 | In Force |
| Chile | 30 Sep 1999 | In Force |
| Croatia | 08 Oct 1991 | In Force |
| Cyprus | 28 Jul 1966 | In Force |
| Democratic Republic of the Congo | 05 Sep 1967 | In Force |
| Ecuador | 05 Apr 1978 | In Force |
| Finland | 23 Sep 1968 | In Force |
| Germany | 01 Mar 1972 | In Force |
| Guinea | 11 Aug 1967 | In Force |
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Workers' compensation or workers' comp 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.
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