What type of insurance provides mandated benefits for employees injured or killed at work?

Workers Compensation insurance is designed specifically to provide mandated benefits to employees who are injured or killed while performing their job duties. This type of insurance is required by law in most jurisdictions and covers medical expenses, rehabilitation costs, and a portion of lost wages for injured workers. Additionally, it provides death benefits to the dependents of employees who lose their lives as a result of job-related incidents.

The nature of Workers Compensation creates a no-fault system, meaning that employees can receive benefits without needing to prove that the employer was negligent. This coverage helps protect both the worker and the employer by limiting the employer's liability in such cases, while also ensuring that employees receive the financial support they need as a result of work-related injuries or fatalities.

Other types of insurance, such as health insurance, primarily cover medical expenses but do not specifically address work-related injuries. Liability insurance is more concerned with protecting a business from claims made by third parties, rather than directly addressing employee injuries. Employer's liability insurance, while related to workplace injuries, typically comes into play when an injured employee sues the employer for negligence, which is different from the automatic coverage provided by Workers Compensation.