Workers compensation insurance is a crucial safety net designed to protect both employees and employers in the workplace. This type of insurance provides financial coverage for employees who suffer job-related injuries or illnesses during the course of their employment. It typically covers medical expenses, rehabilitation costs, and a portion of lost wages for injured or sick workers. Workers compensation insurance is mandatory in most jurisdictions, and its primary goal is to ensure that employees receive the necessary medical care and financial support in case of work-related accidents or health issues, while also shielding employers from potential lawsuits related to workplace injuries. It's a fundamental component of a safe and responsible work environment, fostering employee well-being and financial security while promoting employer compliance with workplace safety regulations
