Which are the three parts of a Worker’s Compensation policy?

A Worker’s Compensation policy is comprised of specific core components that together provide coverage for workplace-related injuries and liabilities. The correct answer reflects these essential parts.

The first part, Worker’s Compensation, provides wage replacement and medical benefits to employees who are injured in the course of employment, regardless of fault. This foundational aspect ensures that workers receive necessary care and financial support if they become injured on the job.

The second component, Employer’s Liability, extends the coverage to protect the employer against lawsuits resulting from employee injuries. This is crucial for safeguarding employers from financial claims that may arise due to workplace accidents that are not fully covered by the Worker’s Compensation insurance.

The third part, Other States, addresses situations in which employees may be traveling or working in states other than the one where the policy was issued. This covers the employer in scenarios where different state laws regarding workers' compensation may apply.

Understanding these three components is essential for anyone dealing with insurance policies related to workplace safety and employee benefits. Other choices may contain elements related to workplace insurance, but none accurately represent the specific components of a Worker’s Compensation policy like the correct answer does.