Workmen’s Compensation
Workers’ compensation is a form of insurance that provides financial benefits to employees who suffer work-related injuries or illnesses. Key aspects include:
- Coverage for Injuries: Provides medical expenses, rehabilitation costs, and compensation for lost wages due to work-related incidents.
- Employer Protection: Limits the liability of employers by protecting them from lawsuits related to workplace injuries, as employees typically cannot sue for damages.
- No-Fault System: Benefits are provided regardless of fault, ensuring injured workers receive support without needing to prove negligence.
Workers’ compensation is crucial for safeguarding employees’ health and providing financial security in the event of workplace injuries.