Workers’ Compensation
Workers’ compensation is a type of insurance that provides financial and medical benefits to employees who are injured or become ill due to their job. It covers medical expenses, rehabilitation costs, lost wages, and, in some cases, disability benefits if the employee is unable to return to work.
Workers’ compensation is intended to protect both employees and employers—employees receive compensation without needing to sue their employer, and employers are protected from costly litigation.
The specific rules and benefits of workers’ compensation vary by state, but in general, employers are required to carry workers’ compensation insurance for their employees as part of workplace safety and risk management practices.
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