It helps cover medical expenses, lost wages, and rehabilitation costs, while also protecting employers from lawsuits related to workplace injuries. Here are the key features:
- Medical Coverage: Pays for medical treatment related to the injury or illness sustained while performing work duties.
- Disability Benefits: Provides wage replacement for employees who are temporarily or permanently unable to work due to their injury.
- Rehabilitation Benefits: Covers costs associated with rehabilitation and retraining if the employee needs to learn new skills due to their injury.
- Death Benefits: Offers financial support to the dependents of an employee who dies as a result of a work-related incident.
- Employer Protection: Workers’ compensation generally limits an employer’s liability, meaning employees typically cannot sue their employer for work-related injuries.
Each state has its own workers’ compensation laws and requirements, so it’s essential for businesses to understand their obligations and ensure they have the appropriate coverage in place.
