22 Dec, 2024

Workers’ Compensation: Definition, Operation, and Payment Source

Workers’ Compensation: What Is It? Often known as “workers’ comp,” workers’ compensation is a government-mandated program that pays benefits to employees who are hurt on the job or develop an illness as a result of their work. In essence, it’s a workers’ disability insurance policy that pays out cash benefits, healthcare benefits, or both to […]

5 mins read

Alternative Investments: What Are They? Definition and Illustrations

A financial asset that does not fit into one of the traditional investment categories is called an alternative investment. Traditional categories consist of cash, bonds, and stocks. Alternative investments can include private equity or venture capital, hedge funds, managed futures, art and antiques, commodities, and derivatives contracts. Another common classification for real estate is alternative […]

4 mins read

Definition of Skilled Nursing Facility vs. Nursing Home

A Skilled Nursing Facility: What Is It? A skilled nursing facility is an inpatient medical treatment and rehabilitation facility manned by medical professionals with the necessary training. These professionals offer the medically required services of audiologists, licensed nurses, PTs, OTs, and SLPs. Read More: skilled nursing facility near me Patients at skilled nursing facilities get […]

3 mins read

Class Action Definition, Types of Lawsuits, Advantages, and Sample

A Class Action: What Is It? In a class action, one or more plaintiffs file a lawsuit on behalf of a larger group of people, referred to as the class. All class members share in any money gained from a class-action lawsuit after paying legal costs, whether in the form of a settlement or a […]

8 mins read