WORKERS COMPENSATION INSURANCE
Workers' Compensation Insurance is a type of insurance that provides medical benefits and wage replacement to employees who suffer work-related injuries or illnesses. Key aspects include:
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Medical Coverage: Pays for medical treatment required due to work-related injuries or illnesses.
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Wage Replacement: Provides compensation for lost wages during recovery from a work-related injury or illness.
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Disability Benefits: Offers financial support for permanent or temporary disability resulting from workplace incidents.
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Employer Liability Protection: Protects employers from lawsuits by employees for workplace injuries, except in cases of gross negligence.
Workers' Compensation Insurance is mandatory in most states for businesses with employees, ensuring that workers receive necessary benefits while protecting employers from significant financial liabilities related to workplace injuries or illnesses.
