A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called

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05-07-2022
Business

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A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called

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bharathparasad577 bharathparasad577 · Answer 1 · 2022-07-16T12:50:40-04:00

A type of insurance that protects workers from loss wages after an industrial accident that happened on the job is called worker compensation.

Workers' compensation insurance offers financial aid and/or medical attention to employees who are hurt on the job or fall ill as a direct result of their work. This insurance is paid for by the employer; the employee is not expected to contribute to the cost of compensation.
Workers' compensation, sometimes known as workers' comp, is a type of insurance that offers pay replacement and medical benefits to employees hurt while doing their jobs in return for a requirement that they waive their right to sue their employer for carelessness. The compensation bargain is the trade-off between restricted, guaranteed coverage and no other options outside of the worker compensation system.

Thus this is the answer.

To learn more about worker compensation, refer: https://brainly.com/question/27993713

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