What is the primary purpose of Workers' Compensation insurance?

The primary purpose of Workers' Compensation insurance is to provide employees with compensation for work-related injuries. This form of insurance is designed to ensure that workers who suffer job-related injuries or illnesses receive necessary medical care and financial support to cover lost wages while they are recovering. This compensation helps provide a safety net for workers, ensuring that they do not suffer undue financial hardship due to events that occurred in the course of their employment.

The essence of Workers' Compensation is to facilitate a form of no-fault protection, meaning employees are typically entitled to benefits regardless of who was at fault for the incident that caused their injuries. This promotes a more cooperative relationship between employers and employees regarding workplace safety and health, as workers can feel secured knowing they are protected should an accident occur while performing their job duties.