Workers’ Compensation Insurance is designed to safeguard both workers and employers in case of job-related injuries or illnesses. When an employee gets hurt while performing their duties, this insurance steps in to cover medical expenses and provide partial wage replacement during recovery. In exchange for these benefits, employees typically agree not to sue their employer for the incident. For employers, it serves as a financial shield, reducing the risk of expensive legal battles while ensuring their workforce receives necessary care and support after an accident. Essentially, it acts as a mutual safety net, offering protection for both parties in the event of a workplace mishap.
