What is work insurance?

Work insurance, often referred to as workers' compensation or employer's liability insurance, is a type of coverage that provides financial protection to employees and employers in case of work-related injuries or illnesses. It typically covers medical expenses, lost wages, and rehabilitation costs for employees who are injured or become ill due to their job. For employers, work insurance helps protect against legal liabilities that may arise from workplace accidents. The specifics of coverage and requirements can vary depending on local laws and regulations.