Compensation Claim. Definition - What does Compensation Claim mean? A compensation claim, within the context of Workers' Compensation, is an appeal made by an employee to receive monetary support from an insurance company covering medical costs, rehabilitation services, and lost wages following a work-related injury and/or illness.
English Language Learners Definition of compensation. : something that is done or given to make up for damage, trouble, etc. : something good that acts as a balance against something bad or undesirable. US : payment given for doing a job. See the full definition for compensation in the English Language Learners Dictionary.
Compensation A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such asWorkers' Compensation. Wages paid to an employee or, generally, fees, salaries, or allowances.