What are the two main components of workers compensation insurance?

Workers compensation insurance is designed to provide financial benefits to employees who suffer job-related injuries or illnesses, and it consists of two primary components. The first component, workers compensation, covers medical expenses, rehabilitation, and lost wages due to work-related injuries, ensuring that employees receive the support they need following an incident on the job. The second component, employer's liability, protects employers against legal actions that employees might take if they believe their injury resulted from negligence or unsafe working conditions. This ensures that while workers receive necessary benefits, employers have financial protection from potential lawsuits related to workplace incidents.

This dual structure is essential in balancing the needs of both employees and employers, which is why this answer accurately reflects the components of workers compensation insurance.