Workers’ Compensation Insurance

Workers’ compensation insurance provides benefits to employees who are injured or become ill as a result of their job. It covers medical expenses, rehabilitation costs, and income replacement.

• Example:
  On-the-Job Injury: If an employee working on a construction site falls and breaks their leg, workers’ compensation insurance would cover their medical expenses, rehabilitation, and a portion of their lost wages during the recovery period. The employee would also be compensated for permanent disabilities if the injury results in long-term impairment.
  • Occupational Illness: Workers in industries like mining or manufacturing may be at risk of occupational diseases (e.g., lung cancer from exposure to asbestos). Workers’ compensation can cover medical treatment and rehabilitation related to these diseases as well.