Workers’ compensation insurance is a type of insurance that provides benefits to employees who suffer work-related injuries or illnesses. This insurance is designed to provide financial support for medical expenses, lost wages, and other related costs that may arise from a work-related injury or illness.
Employers are generally required by law to carry workers’ compensation insurance to protect their employees in case of an injury or illness. The specific requirements for coverage vary by state, but generally, employers are required to provide benefits to employees who are injured on the job, regardless of who is at fault.
Workers’ compensation insurance typically covers the costs of medical treatment, rehabilitation, and lost wages while the employee is unable to work. In some cases, it may also provide benefits for permanent disability or death resulting from a work-related injury or illness.
Overall, workers’ compensation insurance is an important protection for both employers and employees, helping to ensure that injured workers are able to receive the care and support they need to recover and return to work.