(a) The Legislature of the Virgin Islands hereby finds and declares that the inability of common-law rights and remedies in redressing injuries received by workers has given rise to the need for Worker's Compensation legislation that will afford expeditious compensation to employees or their dependents without regard to fault or negligence of employer or employee.
(b) The Legislature also finds that the current Organizational structure and bureaucratic processes of the Government of Virgin Islands:
(1) makes the Division of Workmen's Compensation too dependent on the performance of other officials and agencies;
(2) causes an inordinate delay in the resolution of a significant number of Workers' Compensation claims;
(3) prolongs the economic hardship on claimants that the law was created to prevent.
(c) The newly enacted legislation in this chapter by this act is hereby declared to be necessary in the public interest to expeditiously compensate injury or disease which arises out of and in the course of employment without regard to the negligence of the employee or employer.