What does Meredith Principles mean? Read on to discover the definition & meaning of the term Meredith Principles - to help you better understand the language used in insurance policies.
Concepts that anchor the workers compensation systems of the 10 provinces and three territories of Canada. The principles were contained in the Meredith Report authored by Sir William Meredith in 1913. As outlined in that document, employers fund the workers compensation system in exchange for immunity from lawsuits arising from workplace injury. In trade for giving up their rights to sue employers or other workers protected under the Workers Compensation Act, workers receive benefits if injured, regardless of fault.
We hope the you have a better understanding of the meaning of Meredith Principles.