What type of insurance is required by law for compensating workers injured on the job?
Understand the Problem
The question is asking for the type of insurance that is legally required to compensate workers who are injured while working. This implies a focus on employment-related regulations.
Answer
Workers' Compensation Insurance
The type of insurance required by law for compensating workers injured on the job is Workers' Compensation Insurance.
Answer for screen readers
The type of insurance required by law for compensating workers injured on the job is Workers' Compensation Insurance.
More Information
Workers' compensation insurance is mandatory in most states in the U.S. It provides benefits such as medical care and compensation for lost income to employees who are injured or become ill due to their job.
Tips
A common mistake is to confuse workers' compensation insurance with other types of business insurance, such as general liability or professional liability insurance.
Sources
- Workers Compensation Insurance | III - iii.org
- Workers Compensation Laws by State - Embroker - embroker.com
- What is workers' compensation? - Sentry Insurance - sentry.com
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