Workers' Compensation Insurance Explained
Workers' compensation insurance is a type of coverage that provides financial support to employees who get injured or fall ill due to their job. Employers carry this insurance to help cover medical bills, rehabilitation, and lost wages for their workforce. It also protects businesses from lawsuits that might arise from work-related injuries. Understanding this insurance is crucial for both employees and employers to foster a safer work environment. This type of insurance benefits both the employee and the employer. The employee gains financial support while recovering from an injury, while the employer avoids costly lawsuits. Knowing how this works helps ensure that both parties are protected when accidents occur in the workplace. What Workers' Compensation Insurance Covers Workers' compensation typically covers several types of claims. Some of the most common include: Medical Expenses: If an employee is injured while on the job, this insurance helps...