Workers' Compensation
Insurance that provides medical benefits and wage replacement to employees injured in the course of employment
Detailed Explanation
This mandatory insurance covers medical care, rehabilitation expenses, and lost wages for employees who are injured or become ill as a direct result of their job, regardless of who was at fault.
Practical Example
A warehouse employee strained his back while lifting a heavy box at work. Workers' compensation covered his medical treatment, physical therapy, and 70% of his wages during the eight weeks he couldn't work.
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